Holocene Advisors LP bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,609 shares of the industrial products company's stock, valued at approximately $2,558,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in Chart Industries in the third quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Chart Industries in the 2nd quarter valued at about $40,000. UMB Bank n.a. raised its stake in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Central Bank & Trust Co. acquired a new stake in shares of Chart Industries during the second quarter worth $86,000.
Wall Street Analyst Weigh In
GTLS has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Raymond James restated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday. The Goldman Sachs Group cut their price objective on Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Finally, Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.82.
Check Out Our Latest Analysis on Chart Industries
Insider Activity
In other Chart Industries news, Director Linda S. Harty bought 1,000 shares of Chart Industries stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the acquisition, the director now owns 10,640 shares of the company's stock, valued at $1,207,640. The trade was a 10.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 6,712 shares of company stock valued at $431,982 in the last three months. Corporate insiders own 0.95% of the company's stock.
Chart Industries Trading Down 0.1 %
NYSE:GTLS traded down $0.19 during trading hours on Friday, reaching $190.41. 1,003,966 shares of the company were exchanged, compared to its average volume of 659,243. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 0.99 and a beta of 1.86. The stock has a 50 day simple moving average of $149.28 and a 200 day simple moving average of $141.10. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $196.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the business posted $1.28 earnings per share. The company's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.
About Chart Industries
(
Free Report)
Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.
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