Essex Investment Management Co. LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Essex Investment Management Co. LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,834 shares of the industrial products company’s stock, valued at approximately $1,877,000.

Several other hedge funds also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC grew its holdings in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares during the last quarter. Blue Trust Inc. grew its stake in Chart Industries by 56.0% in the fourth 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 in the last quarter. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Lindbrook Capital LLC increased its stake 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 worth $44,000 after purchasing an additional 69 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Chart Industries during the third quarter worth $34,000.

Chart Industries Stock Performance

Chart Industries stock opened at $149.89 on Monday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a market cap of $6.85 billion, a PE ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average is $196.25 and its two-hundred day moving average is $165.11.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company 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%. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko purchased 350 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Barclays boosted their price target 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. Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

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.