Aurora Investment Counsel Boosts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Aurora Investment Counsel increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 22.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,823 shares of the industrial products company’s stock after buying an additional 1,786 shares during the quarter. Aurora Investment Counsel’s holdings in Chart Industries were worth $1,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after purchasing an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Chart Industries by 323.0% during the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after purchasing an additional 317,775 shares in the last quarter. Boston Partners purchased a new position in Chart Industries during the first quarter valued at approximately $30,755,000. Driehaus Capital Management LLC lifted its holdings in Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new position in Chart Industries during the second quarter valued at approximately $14,333,000.

Chart Industries Price Performance

Chart Industries stock opened at $168.56 on Thursday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $176.16. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 0.87 and a beta of 1.71. 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 firm’s fifty day moving average is $133.99 and its 200 day moving average is $138.38.

Chart Industries (NYSE:GTLS) last announced its 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on GTLS shares. The Goldman Sachs Group lowered their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.