Pier 88 Investment Partners LLC Invests $456,000 in Chart Industries, Inc. (NYSE:GTLS)

Pier 88 Investment Partners LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,670 shares of the industrial products company's stock, valued at approximately $456,000.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries during the 2nd quarter worth approximately $40,000. UMB Bank n.a. increased its stake in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Finally, Ecofi Investissements SA purchased a new stake in shares of Chart Industries during the 2nd quarter worth approximately $50,000.

Analysts Set New Price Targets

GTLS has been the subject of several research analyst reports. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Bank of America reduced their price objective on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Finally, Wells Fargo & Company reduced 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 research 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. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the business's stock in a transaction 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 acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction 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 trade represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Shares of NYSE GTLS traded down $2.92 during mid-day trading on Thursday, reaching $169.38. 681,813 shares of the company were exchanged, compared to its average volume of 649,146. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $176.16. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $7.25 billion, a PE ratio of 49.10, a PEG ratio of 0.87 and a beta of 1.71. The company's 50 day moving average price is $129.37 and its 200 day moving average price is $137.88.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. Sell-side analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal 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.