Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Pier Capital LLC

Pier Capital LLC lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,382 shares of the industrial products company’s stock after buying an additional 1,865 shares during the period. Chart Industries comprises 1.7% of Pier Capital LLC’s holdings, making the stock its 3rd largest position. Pier Capital LLC owned 0.14% of Chart Industries worth $11,714,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its holdings in shares of Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC increased its stake in Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. increased its stake in Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares in the last quarter.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction 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 acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

Shares of GTLS opened at $163.10 on Tuesday. The company has a market cap of $7.45 billion, a PE ratio of 47.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The firm has a 50-day moving average of $186.11 and a 200-day moving average of $167.48. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. 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 (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Barclays increased their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.08.

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.