MetLife Investment Management LLC Boosts Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

MetLife Investment Management LLC grew its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,848 shares of the industrial products company's stock after purchasing an additional 3,505 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of Chart Industries worth $9,322,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Archford Capital Strategies LLC raised its stake in shares of Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after acquiring an additional 63 shares in the last quarter. Assetmark Inc. raised its stake in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after acquiring an additional 69 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS traded up $2.43 during trading on Friday, reaching $135.67. 391,753 shares of the company traded hands, compared to its average volume of 711,547. The firm's fifty day simple moving average is $147.33 and its 200 day simple moving average is $169.29. The stock has a market cap of $6.10 billion, a P/E ratio of 39.32, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. 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 (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock worth $160,845 in the last 90 days. Corporate insiders own 0.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Morgan Stanley reduced their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Barclays reduced their target price on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Three research 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.67.

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.