Chart Industries, Inc. (NYSE:GTLS) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 47.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,143 shares of the industrial products company's stock after acquiring an additional 6,785 shares during the period. LPL Financial LLC's holdings in Chart Industries were worth $4,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after purchasing an additional 19,534 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Chart Industries by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company's stock valued at $98,871,000 after purchasing an additional 16,197 shares in the last quarter. GW&K Investment Management LLC lifted its position in Chart Industries by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company's stock valued at $98,599,000 after purchasing an additional 7,669 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Chart Industries by 10,372.6% in the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock worth $47,087,000 after buying an additional 244,378 shares during the last quarter.

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Chart Industries Price Performance

Shares of NYSE:GTLS traded down $1.19 during midday trading on Tuesday, hitting $125.42. The company had a trading volume of 244,375 shares, compared to its average volume of 700,548. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. 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 business's 50-day simple moving average is $159.79 and its 200-day simple moving average is $169.04.

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

Insider Buying and Selling at Chart Industries

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GTLS shares. Morgan Stanley dropped 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 note on Thursday, March 27th. Barclays dropped their target price on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. TD Cowen boosted their price objective on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $201.42.

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.