11,200 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,200 shares of the industrial products company’s stock, valued at approximately $2,137,000.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new position in Chart Industries during the fourth quarter worth $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management boosted its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its position in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the last quarter.

Insiders Place Their Bets

In related news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last ninety days. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Barclays raised 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. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.33.

Chart Industries Stock Performance

Shares of GTLS stock opened at $153.54 on Friday. The stock has a market cap of $7.01 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The stock has a 50-day moving average of $182.86 and a 200-day moving average of $167.65. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.