Algert Global LLC Makes New $614,000 Investment in Chart Industries, Inc. (NYSE:GTLS)

Algert Global LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,257 shares of the industrial products company's stock, valued at approximately $614,000.

Several other large investors have also bought and sold shares of the business. Regal Investment Advisors LLC raised its holdings in Chart Industries by 110.8% in the fourth quarter. Regal Investment Advisors LLC now owns 4,928 shares of the industrial products company's stock worth $672,000 after purchasing an additional 2,590 shares during the period. Future Fund LLC raised its holdings in Chart Industries by 32.9% in the fourth quarter. Future Fund LLC now owns 3,230 shares of the industrial products company's stock worth $440,000 after purchasing an additional 800 shares during the period. Alden Global Capital LLC acquired a new stake in Chart Industries in the fourth quarter worth $4,493,000. First Financial Bankshares Inc acquired a new stake in Chart Industries in the fourth quarter worth $686,000. Finally, Gates Capital Management Inc. raised its holdings in Chart Industries by 50.5% in the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company's stock worth $92,323,000 after purchasing an additional 227,280 shares during the period.

Insider Transactions at Chart Industries

In related news, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company's stock, valued at approximately $224,500.85. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jillian C. Evanko bought 440 shares of Chart Industries 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 acquisition, the chief executive officer now owns 125,448 shares of the company's stock, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,152 shares of company stock worth $482,278 in the last ninety days. Insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on GTLS. Wells Fargo & Company cut their target price on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday. Craig Hallum lowered their price objective 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. Barclays lowered their price objective on shares of 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. Bank of America increased their price objective on shares of Chart Industries from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and an average target price of $180.00.

Chart Industries Stock Performance

Shares of GTLS traded up $2.17 during midday trading on Monday, reaching $125.98. The stock had a trading volume of 539,598 shares, compared to its average volume of 616,319. The firm has a market cap of $5.39 billion, a PE ratio of 125.98, a P/E/G ratio of 0.39 and a beta of 1.70. The firm has a 50 day simple moving average of $121.62 and a 200-day simple moving average of $141.52. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 10.72 EPS for the current 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.