Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 74.5% during the 3rd quarter, Holdings Channel reports. The fund owned 42,957 shares of the industrial products company’s stock after purchasing an additional 18,334 shares during the quarter. Chart Industries makes up about 1.1% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 24th largest position. Iridian Asset Management LLC CT’s holdings in Chart Industries were worth $5,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. EFG Asset Management North America Corp. grew its stake in shares of Chart Industries by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after buying an additional 64 shares in the last quarter. Arizona State Retirement System grew its position in Chart Industries by 0.7% during the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after buying an additional 87 shares during the period. Aristeia Capital L.L.C. increased its holdings in Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after buying an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC raised its position in shares of Chart Industries by 1.6% in the second quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after acquiring an additional 100 shares during the period.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 in the last three months. 0.95% of the stock is currently owned by insiders.

Chart Industries Stock Performance

GTLS opened at $122.95 on Thursday. The firm has a market capitalization of $5.26 billion, a PE ratio of 122.95, a PEG ratio of 0.57 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $171.68. The firm’s 50-day moving average price is $121.42 and its 200 day moving average price is $137.31.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company earned $1.19 earnings per share. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Craig Hallum cut their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.00.

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.