King Luther Capital Management Corp Buys 59,322 Shares of Chart Industries, Inc. (NYSE:GTLS)

King Luther Capital Management Corp grew its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,002,758 shares of the industrial products company's stock after purchasing an additional 59,322 shares during the period. King Luther Capital Management Corp owned approximately 2.34% of Chart Industries worth $144,738,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries during the 1st quarter worth about $30,000. Cape Investment Advisory Inc. bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC grew its stake in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Chart Industries during the 2nd quarter worth approximately $40,000. Finally, Covestor Ltd lifted its stake in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock worth $61,000 after purchasing an additional 311 shares in the last quarter.

Insider Activity

In other news, Director Linda S. Harty bought 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the company's stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the acquisition, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was 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 approximately $240,250. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Craig Hallum reduced their price target on shares of Chart Industries from $229.00 to $199.00 and set a "buy" rating for the company in a research report on Monday, August 5th. Evercore ISI upgraded Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Barclays dropped their price target on Chart Industries from $193.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 6th. Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Monday. Finally, Wells Fargo & Company cut their price target on shares of Chart Industries from $179.00 to $151.00 and set an "overweight" rating for the company in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given 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 price target of $183.08.

Chart Industries Trading Down 1.5 %

Chart Industries stock traded down $1.88 during mid-day trading on Friday, hitting $122.43. The company's stock had a trading volume of 1,101,623 shares, compared to its average volume of 614,171. The business has a 50 day moving average price of $130.45 and a 200-day moving average price of $143.22. 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, Inc. has a 12 month low of $101.60 and a 12 month high of $173.65. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 122.64, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $1.19 EPS. The company's revenue was up 14.5% on a year-over-year basis. As a group, analysts forecast that Chart Industries, Inc. will post 10.57 EPS for the current 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.