Malaga Cove Capital LLC Has $1.14 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Malaga Cove Capital LLC raised its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 62.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,215 shares of the industrial products company's stock after acquiring an additional 3,526 shares during the period. Malaga Cove Capital LLC's holdings in Chart Industries were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries in the 1st quarter valued at about $30,000. Norden Group LLC acquired a new stake in shares of Chart Industries in the first quarter valued at approximately $221,000. Janney Montgomery Scott LLC lifted its position in shares of Chart Industries by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 13,712 shares of the industrial products company's stock worth $2,259,000 after purchasing an additional 761 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Chart Industries by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 36,719 shares of the industrial products company's stock worth $6,048,000 after purchasing an additional 462 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Chart Industries in the first quarter valued at $256,000.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Jillian C. Evanko purchased 440 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda S. Harty acquired 1,000 shares of Chart Industries stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the purchase, the director now directly owns 10,640 shares of the company's stock, valued at approximately $1,207,640. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock worth $482,278 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GTLS shares. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Morgan Stanley raised Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Evercore ISI raised shares of Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. Three investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $2.72 during trading on Thursday, reaching $163.29. 1,119,196 shares of the stock were exchanged, compared to its average volume of 643,832. The firm has a market cap of $6.99 billion, a PE ratio of 48.10, a PEG ratio of 0.73 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $171.68. The stock has a 50-day moving average price of $123.28 and a 200-day moving average price of $137.06.

Chart Industries (NYSE:GTLS - Get Free Report) last issued 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The business's quarterly revenue was up 18.3% compared to the same quarter last year. Research analysts expect that Chart Industries, Inc. will post 9 EPS for the current fiscal year.

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.