Sheets Smith Investment Management Invests $1.15 Million in Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Investment Management purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,026 shares of the industrial products company's stock, valued at approximately $1,150,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Chart Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after buying an additional 59,889 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after acquiring an additional 19,534 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after acquiring an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter.

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Insider Transactions at Chart Industries

In other news, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares of the company's stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GTLS. Morgan Stanley reduced their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays upped their target price on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chart Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $202.33.

Chart Industries Stock Down 4.0 %

NYSE:GTLS traded down $6.15 on Friday, reaching $147.48. The stock had a trading volume of 477,035 shares, compared to its average volume of 677,880. The company has a 50-day moving average of $181.51 and a 200 day moving average of $167.91. 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 stock has a market cap of $6.74 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the company posted $2.25 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.