SCP Investment LP Boosts Position in Chart Industries, Inc. (NYSE:GTLS)

SCP Investment LP grew its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 157.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,800 shares of the industrial products company's stock after purchasing an additional 6,000 shares during the quarter. Chart Industries makes up 0.9% of SCP Investment LP's investment portfolio, making the stock its 13th largest position. SCP Investment LP's holdings in Chart Industries were worth $1,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries during the first quarter worth about $30,000. Vanguard Group Inc. grew its holdings in Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company's stock valued at $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Covestor Ltd grew its holdings in Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company's stock worth $61,000 after acquiring an additional 311 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Chart Industries by 1,302.3% in the 1st quarter. Bessemer Group Inc. now owns 617 shares of the industrial products company's stock worth $102,000 after buying an additional 573 shares during the last quarter. Finally, Shell Asset Management Co. bought a new position in shares of Chart Industries in the 1st quarter worth about $451,000.

Chart Industries Stock Down 0.3 %

NYSE GTLS traded down $0.45 during trading hours on Wednesday, reaching $168.62. 545,677 shares of the company's stock were exchanged, compared to its average volume of 652,581. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $176.16. The company's 50-day moving average is $132.83 and its two-hundred day moving average is $138.16. 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 issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Evercore ISI raised shares of Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Finally, Bank of America reduced their target price 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.82.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $240,250. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Mahoney bought 500 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock valued at $482,278 over the last ninety days. 0.95% of the stock is owned by company insiders.

Chart Industries Company 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.