Kornitzer Capital Management Inc. KS Buys 17,055 Shares of Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,095 shares of the industrial products company's stock after acquiring an additional 17,055 shares during the period. Kornitzer Capital Management Inc. KS owned 0.18% of Chart Industries worth $9,819,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GTLS. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries during the first quarter worth $30,000. UMB Bank n.a. raised its position in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after buying an additional 255 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries in the second quarter worth $40,000. Ecofi Investissements SA purchased a new stake in shares of Chart Industries in the second quarter worth $50,000. Finally, Covestor Ltd raised its position in shares of Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock worth $61,000 after buying an additional 311 shares in the last quarter.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. Finally, Stifel Nicolaus increased their price objective on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.82.

Chart Industries Trading Up 2.2 %

GTLS stock traded up $3.63 during trading on Friday, hitting $166.59. 857,528 shares of the company traded hands, compared to its average volume of 644,816. The firm has a market capitalization of $7.13 billion, a PE ratio of 47.33, a P/E/G ratio of 0.73 and a beta of 1.71. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $171.68. The company has a 50-day moving average of $124.06 and a 200-day moving average of $137.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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). The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. Analysts predict that Chart Industries, Inc. will post 9 earnings per share for the current fiscal year.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company's stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the company's stock in a transaction on Friday, September 13th. The stock was 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 in the company, valued at $1,207,640. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 in the last ninety days. 0.95% of the stock is owned by company insiders.

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.