F M Investments LLC Purchases 21,916 Shares of Chart Industries, Inc. (NYSE:GTLS)

F M Investments LLC boosted its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 31.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,238 shares of the industrial products company's stock after purchasing an additional 21,916 shares during the quarter. F M Investments LLC owned about 0.21% of Chart Industries worth $11,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries in the first quarter worth about $30,000. State of Michigan Retirement System lifted its position in shares of Chart Industries by 2.0% in the first quarter. State of Michigan Retirement System now owns 10,300 shares of the industrial products company's stock valued at $1,697,000 after buying an additional 200 shares during the last quarter. Norden Group LLC acquired a new stake in Chart Industries during the 1st quarter worth approximately $221,000. Commonwealth Equity Services LLC lifted its holdings in Chart Industries by 28.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,540 shares of the industrial products company's stock worth $913,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Mission Wealth Management LP lifted its holdings in Chart Industries by 13.3% during the 1st quarter. Mission Wealth Management LP now owns 1,700 shares of the industrial products company's stock worth $280,000 after purchasing an additional 200 shares during the last quarter.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research reports. Barclays dropped their target price on Chart Industries from $147.00 to $146.00 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company dropped their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.00.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now directly owns 2,107 shares of the company's stock, valued at approximately $224,500.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company's stock.

Chart Industries Trading Up 7.7 %

Shares of NYSE:GTLS traded up $9.28 during mid-day trading on Friday, reaching $130.00. 3,290,872 shares of the company's stock were exchanged, compared to its average volume of 624,014. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 0.57 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $171.68. The business's fifty day moving average price is $121.62 and its 200-day moving average price is $137.05.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company posted $1.28 EPS. Chart Industries's revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts predict that Chart Industries, Inc. will post 9.94 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.