Chart Industries, Inc. (NYSE:GTLS) Position Raised by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 57.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,790 shares of the industrial products company's stock after purchasing an additional 2,120 shares during the period. Pier 88 Investment Partners LLC's holdings in Chart Industries were worth $1,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after purchasing an additional 59,889 shares in the last quarter. Geode Capital Management LLC increased its stake in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock valued at $123,318,000 after buying an additional 19,534 shares during the period. Principal Financial Group Inc. increased its stake in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. Wellington Management Group LLP lifted its position in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Chart Industries by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company's stock worth $98,871,000 after purchasing an additional 16,197 shares during the period.

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Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock valued at $160,845 in the last ninety days. Corporate insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GTLS. TD Cowen increased their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Citigroup raised their price target on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.83.

Chart Industries Trading Down 7.5 %

GTLS stock traded down $9.37 during trading on Friday, reaching $115.39. 874,050 shares of the stock traded hands, compared to its average volume of 682,868. The business's 50 day moving average price is $175.58 and its 200-day moving average price is $168.76. The firm has a market capitalization of $5.27 billion, a PE ratio of 33.43, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $2.25 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 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.