Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,960 shares of the industrial products company's stock after purchasing an additional 15,502 shares during the period. Royce & Associates LP owned 0.32% of Chart Industries worth $16,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Chart Industries in the 1st quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in Chart Industries during the 3rd quarter worth about $34,000. UMB Bank n.a. increased its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Chart Industries in the second quarter valued at about $40,000. Finally, Ecofi Investissements SA purchased a new position in shares of Chart Industries in the second quarter worth about $50,000.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $3.76 during trading on Friday, reaching $165.62. 1,240,430 shares of the company's stock traded hands, compared to its average volume of 651,809. The firm has a market cap of $7.09 billion, a PE ratio of 48.08, a P/E/G ratio of 0.88 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two 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 company has a 50-day simple moving average of $130.45 and a 200-day simple moving average of $138.00.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GTLS. Stifel Nicolaus upped their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Finally, Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

Insider Buying and Selling

In other news, Director Linda S. Harty purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by corporate insiders.

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.