Chart Industries, Inc. (NYSE:GTLS) Stock Position Raised by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,135 shares of the industrial products company’s stock after purchasing an additional 1,378 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Chart Industries were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Archford Capital Strategies LLC grew its stake in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC lifted its position in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares in the last quarter. Assetmark Inc. lifted its position in Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 69 shares in the last quarter.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by company insiders.

Chart Industries Stock Down 4.0 %

Chart Industries stock opened at $147.48 on Friday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87. The firm has a fifty day moving average price of $181.51 and a two-hundred day moving average price of $167.91. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week 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 announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $2.25 EPS. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on GTLS. BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, TD Cowen boosted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.33.

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.