Wellington Management Group LLP Raises Stake in Chart Industries, Inc. (NYSE:GTLS)

Wellington Management Group LLP boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 90.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,482 shares of the industrial products company's stock after acquiring an additional 262,592 shares during the quarter. Wellington Management Group LLP owned 1.29% of Chart Industries worth $68,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the third quarter worth $34,000. UMB Bank n.a. lifted its holdings in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after buying an additional 255 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at about $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the second quarter valued at about $50,000. Finally, Mendota Financial Group LLC raised its position in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after acquiring an additional 203 shares during the last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Chart Industries from $198.00 to $200.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group reduced 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 note on Thursday, August 29th. Bank of America lowered 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. Raymond James reaffirmed a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Morgan Stanley raised Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty bought 5,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were purchased at an average price 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 6,212 shares of company stock valued at $378,707 over the last 90 days. Insiders own 0.95% of the company's stock.

Chart Industries Stock Up 3.0 %

GTLS traded up $5.74 during trading on Wednesday, hitting $197.82. 734,542 shares of the company's stock were exchanged, compared to its average volume of 659,915. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $201.10. The stock has a market cap of $8.47 billion, a P/E ratio of 55.68, a PEG ratio of 0.98 and a beta of 1.86. The business's 50 day moving average is $153.36 and its two-hundred day moving average is $141.68. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. As a group, equities analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

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.