Stifel Financial Corp Buys 65,615 Shares of Chart Industries, Inc. (NYSE:GTLS)

Stifel Financial Corp grew its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 34.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 253,665 shares of the industrial products company's stock after acquiring an additional 65,615 shares during the quarter. Stifel Financial Corp owned 0.59% of Chart Industries worth $31,490,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. King Luther Capital Management Corp increased its position in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock valued at $128,100,000 after acquiring an additional 29,139 shares during the last quarter. Principal Financial Group Inc. boosted its position in Chart Industries by 4.2% during 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 purchasing an additional 32,442 shares during the last quarter. Fisher Asset Management LLC grew its stake in Chart Industries by 2.3% in 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 purchasing an additional 13,181 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Chart Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock worth $62,304,000 after purchasing an additional 11,706 shares during the last quarter. Finally, Perpetual Ltd raised its stake in shares of Chart Industries by 7.3% during the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company's stock worth $62,102,000 after purchasing an additional 34,153 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS traded down $0.19 during mid-day trading on Friday, hitting $190.41. 1,215,146 shares of the stock were exchanged, compared to its average volume of 806,256. The firm's 50-day simple moving average is $150.58 and its 200 day simple moving average is $141.22. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 55.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.86. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $196.91. 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 posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other news, Director Paul E. Mahoney bought 500 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $240,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 6,712 shares of company stock valued at $431,982 in the last quarter. Company insiders own 0.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTLS. Stifel Nicolaus boosted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chart Industries currently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

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.