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

Loomis Sayles & Co. L P grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,127 shares of the industrial products company's stock after purchasing an additional 5,026 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.19% of Chart Industries worth $15,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Chart Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock worth $62,304,000 after purchasing an additional 11,706 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Chart Industries by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company's stock worth $7,067,000 after buying an additional 389 shares during the last quarter. BNP Paribas Financial Markets raised its position in Chart Industries by 41.9% during the third quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company's stock valued at $3,209,000 after purchasing an additional 7,634 shares during the period. Bridgewater Associates LP bought a new position in Chart Industries during the third quarter valued at $7,137,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company's stock worth $595,000 after acquiring an additional 114 shares during the last quarter.

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Chart Industries Price Performance

Shares of Chart Industries stock traded up $3.78 on Wednesday, reaching $149.91. The company's stock had a trading volume of 101,133 shares, compared to its average volume of 675,366. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $6.85 billion, a P/E ratio of 43.57, a PEG ratio of 0.57 and a beta of 1.87. The stock has a 50-day moving average price of $178.65 and a 200-day moving average price of $169.19. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the firm posted $2.25 EPS. Chart Industries's revenue was up 9.0% compared to the same quarter last year. Analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now directly owns 11,684 shares of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus upped their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Barclays boosted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Morgan Stanley decreased their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Finally, TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and a consensus target price of $201.83.

About Chart Industries

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.