Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,453 shares of the industrial products company's stock after acquiring an additional 4,140 shares during the quarter. Intech Investment Management LLC's holdings in Chart Industries were worth $3,903,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Chart Industries during the fourth quarter valued at $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management grew its stake in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after buying an additional 69 shares during the last quarter.

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Insider Activity at Chart Industries

In other news, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Up 5.1 %

Shares of GTLS stock traded up $7.92 during mid-day trading on Monday, hitting $163.10. The stock had a trading volume of 452,020 shares, compared to its average volume of 660,318. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm's 50-day moving average is $186.85 and its two-hundred day moving average is $167.12. The firm has a market capitalization of $7.45 billion, a P/E ratio of 47.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of analyst reports. BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, December 16th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. TD Cowen increased their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $196.08.

Chart Industries Company Profile

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.