59,517 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Pier Capital LLC

Pier Capital LLC acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 59,517 shares of the industrial products company's stock, valued at approximately $7,388,000. Pier Capital LLC owned about 0.14% of Chart Industries at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. grew its position in 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 acquiring an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new position in Chart Industries during the 2nd quarter worth approximately $40,000. Ecofi Investissements SA bought a new position in Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Mendota Financial Group LLC grew its position in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after acquiring an additional 203 shares during the last quarter.

Insider Buying and Selling

In other Chart Industries news, Director Paul E. Mahoney bought 500 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $240,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 6,712 shares of company stock worth $431,982. Corporate insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GTLS. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target on the stock in a research report on Monday, September 16th. Barclays dropped their price objective on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Wells Fargo & Company dropped their price objective on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus increased their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Three investment 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.82.

Chart Industries Price Performance

Shares of Chart Industries stock traded down $0.19 during trading hours on Friday, hitting $190.41. The company's stock had a trading volume of 1,215,146 shares, compared to its average volume of 806,256. The business has a 50 day moving average price of $150.58 and a two-hundred day moving average price of $141.22. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $196.91. The company has a market cap of $8.15 billion, a PE ratio of 55.19, a PEG ratio of 0.98 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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

Chart Industries 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.