Aristotle Pacific Capital LLC Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Aristotle Pacific Capital LLC lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 195.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,654 shares of the industrial products company's stock after acquiring an additional 9,700 shares during the quarter. Chart Industries makes up approximately 0.7% of Aristotle Pacific Capital LLC's holdings, making the stock its 6th biggest position. Aristotle Pacific Capital LLC's holdings in Chart Industries were worth $2,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Chart Industries by 4.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,103 shares of the industrial products company's stock valued at $448,000 after acquiring an additional 140 shares in the last quarter. L & S Advisors Inc bought a new stake in shares of Chart Industries during the second quarter valued at approximately $1,657,000. Primecap Management Co. CA purchased a new position in shares of Chart Industries in the second quarter worth $14,333,000. Citizens Financial Group Inc. RI purchased a new position in shares of Chart Industries in the second quarter worth $221,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company's stock worth $66,896,000 after acquiring an additional 386,821 shares during the last quarter.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the company's stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Paul E. Mahoney bought 500 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares of the company's stock, valued at $224,500.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jillian C. Evanko purchased 440 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GTLS. Barclays decreased their price target on shares of Chart Industries from $193.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 6th. Craig Hallum decreased their target price on Chart Industries from $229.00 to $199.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a report on Monday. Evercore ISI raised Chart Industries to a "strong-buy" rating in a report on Monday, August 5th. Finally, Bank of America raised their target price on shares of Chart Industries from $180.00 to $185.00 and gave the company a "buy" rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $185.54.

Chart Industries Trading Up 1.5 %

Shares of Chart Industries stock traded up $1.83 during trading on Wednesday, hitting $121.60. The stock had a trading volume of 728,492 shares, compared to its average volume of 609,589. The stock has a market cap of $5.20 billion, a PE ratio of 122.19, a PEG ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $176.85. The firm's fifty day simple moving average is $131.37 and its 200-day simple moving average is $143.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

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.