Proficio Capital Partners LLC Buys Shares of 22,519 Chart Industries, Inc. (NYSE:GTLS)

Proficio Capital Partners LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,519 shares of the industrial products company's stock, valued at approximately $4,298,000. Proficio Capital Partners LLC owned approximately 0.05% of Chart Industries as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Archford Capital Strategies LLC grew its position in shares of Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 48 shares in the last quarter. MML Investors Services LLC grew its position in shares of Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. grew its position in shares of Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares in the last quarter.

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Chart Industries Stock Down 0.0 %

Shares of GTLS stock traded down $0.00 during midday trading on Friday, reaching $155.34. 1,057,910 shares of the stock were exchanged, compared to its average volume of 661,876. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company's 50 day moving average is $187.64 and its two-hundred day moving average is $166.15. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.10 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

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 for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty bought 500 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 in the last 90 days. Insiders own 0.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GTLS. Barclays boosted their target price on Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Raymond James reaffirmed a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus boosted their target price on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $196.08.

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.