Loomis Sayles & Co. L P Raises Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Loomis Sayles & Co. L P boosted its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 39.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,101 shares of the industrial products company's stock after purchasing an additional 21,206 shares during the period. Loomis Sayles & Co. L P owned about 0.18% of Chart Industries worth $9,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GTLS. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company's stock valued at $66,896,000 after buying an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Chart Industries by 323.0% during the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company's stock worth $60,067,000 after acquiring an additional 317,775 shares in the last quarter. Boston Partners bought a new position in shares of Chart Industries in the first quarter worth $30,755,000. Driehaus Capital Management LLC boosted its holdings in shares of Chart Industries by 385.3% in the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company's stock worth $28,463,000 after acquiring an additional 156,562 shares during the period. Finally, Primecap Management Co. CA purchased a new position in shares of Chart Industries in the second quarter valued at $14,333,000.

Insider Activity

In other news, Director Paul E. Mahoney acquired 500 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company's stock, valued at $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Shares of NYSE GTLS traded up $5.00 during trading hours on Thursday, reaching $195.60. 813,764 shares of the stock traded hands, compared to its average volume of 659,139. The company's 50-day simple moving average is $141.00 and its two-hundred day simple moving average is $139.46. The company has a market capitalization of $8.37 billion, a P/E ratio of 56.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $196.18. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on GTLS shares. Wells Fargo & Company cut their target price on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Bank of America reduced their price objective on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group cut their price target on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Finally, Stifel Nicolaus upped their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of "Moderate Buy" and an average target price of $178.82.

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.