Harvey Capital Management Inc. Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Harvey Capital Management Inc. purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,142 shares of the industrial products company's stock, valued at approximately $5,107,000. Chart Industries accounts for about 1.3% of Harvey Capital Management Inc.'s investment portfolio, making the stock its 25th biggest position. Harvey Capital Management Inc. owned about 0.10% of Chart Industries at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GTLS. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries in the first quarter worth $30,000. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC purchased a new position in Chart Industries in the second quarter worth $40,000. Ecofi Investissements SA purchased a new position in Chart Industries in the second quarter worth $50,000. Finally, Covestor Ltd grew its position in Chart Industries by 509.8% in the first quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock worth $61,000 after acquiring an additional 311 shares in the last quarter.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $240,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $240,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, with a total value of $113,500.00. Following the purchase, the director now directly owns 10,640 shares of the company's stock, valued at approximately $1,207,640. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 7,152 shares of company stock valued at $482,278 over the last three months. Corporate insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GTLS. 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 target price for the company in a research report on Monday, September 16th. Barclays cut their price target on shares of Chart Industries from $147.00 to $146.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 16th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, Stifel Nicolaus cut their price target on shares of Chart Industries from $199.00 to $198.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $178.00.

Chart Industries Trading Up 7.7 %

Shares of NYSE:GTLS traded up $9.28 during midday trading on Friday, hitting $130.00. 3,290,872 shares of the stock traded hands, compared to its average volume of 570,999. The stock has a market capitalization of $5.57 billion, a PE ratio of 63.41, a P/E/G ratio of 0.56 and a beta of 1.71. The business's 50 day moving average is $121.62 and its two-hundred day moving average is $136.98. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68.

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