Primecap Management Co. CA Acquires Shares of 99,300 Chart Industries, Inc. (NYSE:GTLS)

Primecap Management Co. CA bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,300 shares of the industrial products company's stock, valued at approximately $14,333,000. Primecap Management Co. CA owned approximately 0.23% of Chart Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTLS. EFG Asset Management North America Corp. boosted its stake in shares of Chart Industries by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock worth $1,916,000 after acquiring an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock worth $270,000 after acquiring an additional 64 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company's stock worth $290,000 after acquiring an additional 85 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company's stock worth $1,708,000 after acquiring an additional 87 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Chart Industries by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company's stock worth $6,417,000 after acquiring an additional 100 shares in the last quarter.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Chart Industries from $179.00 to $151.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Barclays decreased their target price on Chart Industries from $193.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 6th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Monday. Finally, Craig Hallum decreased their target price on Chart Industries from $229.00 to $199.00 and set a "buy" rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.54.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty bought 5,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company's stock.

Chart Industries Stock Performance

Chart Industries stock traded up $2.92 during trading hours on Thursday, hitting $124.52. The stock had a trading volume of 918,366 shares, compared to its average volume of 611,295. The company has a 50-day moving average of $130.99 and a two-hundred day moving average of $143.35. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The company has a market cap of $5.33 billion, a PE ratio of 124.47, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $176.85.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $1.19 EPS. The company's revenue was up 14.5% on a year-over-year basis. On average, equities research analysts anticipate 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.