Victory Capital Management Inc. Purchases 83,685 Shares of Chart Industries, Inc. (NYSE:GTLS)

Victory Capital Management Inc. increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,736 shares of the industrial products company's stock after buying an additional 83,685 shares during the quarter. Victory Capital Management Inc. owned about 0.91% of Chart Industries worth $48,258,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company's stock worth $693,243,000 after buying an additional 45,137 shares in the last quarter. Bamco Inc. NY lifted its position in Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company's stock valued at $192,725,000 after buying an additional 25,000 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Chart Industries by 6.3% in the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company's stock valued at $144,738,000 after buying an additional 59,322 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after buying an additional 32,442 shares in the last quarter. Finally, Perpetual Ltd raised its position in Chart Industries by 7.3% in the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company's stock valued at $62,102,000 after purchasing an additional 34,153 shares in the last quarter.

Chart Industries Price Performance

GTLS stock traded down $3.76 during midday 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 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 market cap of $7.09 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 0.88 and a beta of 1.71. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $176.16. The company has a 50-day simple moving average of $130.45 and a two-hundred day simple moving average of $137.96.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the business earned $1.28 earnings per share. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Craig Hallum boosted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group cut their price target on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Finally, Stifel Nicolaus boosted their target price on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $240,250. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Mahoney bought 500 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares of the company's stock, 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. Over the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Chart Industries 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.