Janney Montgomery Scott LLC Has $6.75 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Janney Montgomery Scott LLC boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 67.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,343 shares of the industrial products company's stock after purchasing an additional 21,804 shares during the period. Janney Montgomery Scott LLC owned 0.13% of Chart Industries worth $6,746,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GTLS. Vanguard Group Inc. boosted its holdings in shares of Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company's stock worth $693,243,000 after purchasing an additional 45,137 shares during the period. Bamco Inc. NY boosted its stake in shares of Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company's stock valued at $192,725,000 after buying an additional 25,000 shares during the period. King Luther Capital Management Corp grew its holdings in shares of Chart Industries by 6.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company's stock valued at $144,738,000 after acquiring an additional 59,322 shares in the last quarter. Principal Financial Group Inc. boosted its position in Chart Industries by 10.7% during the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company's stock valued at $111,209,000 after purchasing an additional 74,519 shares during the last quarter. Finally, Perpetual Ltd grew its stake in Chart Industries by 7.3% in the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company's stock valued at $62,102,000 after purchasing an additional 34,153 shares in the last quarter.

Analysts Set New Price Targets

GTLS has been the subject of several research reports. Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Barclays cut 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 report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a report on Monday, August 5th. Finally, Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Chart Industries has a consensus rating of "Moderate Buy" and a consensus target price of $178.82.

Chart Industries Stock Performance

Shares of Chart Industries stock traded up $3.63 during trading on Friday, reaching $166.59. The company's stock had a trading volume of 857,528 shares, compared to its average volume of 895,053. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. The business's fifty day moving average price is $124.95 and its 200-day moving average price is $137.25.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm's quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities research analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Activity

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Paul E. Mahoney bought 500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company's stock.

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.