Primecap Management Co. CA Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Primecap Management Co. CA lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,400 shares of the industrial products company's stock after selling 3,200 shares during the period. Primecap Management Co. CA owned about 0.36% of Chart Industries worth $29,084,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after buying an additional 262,592 shares during the last quarter. Keybank National Association OH lifted its holdings in Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after purchasing an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. bought a new position in Chart Industries during the fourth quarter worth about $35,543,000. Braun Stacey Associates Inc. purchased a new position in shares of Chart Industries in the fourth quarter worth about $16,631,000. Finally, WCM Investment Management LLC purchased a new position in shares of Chart Industries in the fourth quarter worth about $16,239,000.

Insiders Place Their Bets

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 over the last 90 days. Insiders own 0.95% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on GTLS. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Barclays raised their price target on Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. TD Cowen boosted their price objective on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company decreased their price target on Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $196.08.

Chart Industries Price Performance

Shares of GTLS stock traded up $7.92 during trading on Monday, hitting $163.10. The company had a trading volume of 452,020 shares, compared to its average volume of 660,318. The stock's 50-day moving average is $186.85 and its two-hundred day moving average is $167.12. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. 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 quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the business posted $2.25 EPS. The business's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts predict that Chart Industries, Inc. will post 9.02 EPS 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.