Harbor Capital Advisors Inc. Has $10.01 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Harbor Capital Advisors Inc. increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 92.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,665 shares of the industrial products company’s stock after acquiring an additional 38,728 shares during the period. Harbor Capital Advisors Inc. owned about 0.19% of Chart Industries worth $10,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GTLS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Chart Industries by 28.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after acquiring an additional 26,627 shares in the last quarter. SIR Capital Management L.P. lifted its stake in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after purchasing an additional 41,626 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Chart Industries in the first quarter valued at approximately $15,702,000. NBW Capital LLC grew its stake in shares of Chart Industries by 28.7% during the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after buying an additional 13,062 shares during the last quarter. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Chart Industries by 99.1% during the first quarter. Lisanti Capital Growth LLC now owns 32,230 shares of the industrial products company’s stock worth $5,309,000 after buying an additional 16,040 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GTLS. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Barclays cut their target price on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Craig Hallum dropped their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.00.

Chart Industries Price Performance

GTLS stock opened at $130.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 0.56 and a beta of 1.71. The company’s fifty day simple moving average is $121.62 and its 200 day simple moving average is $137.05. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $171.68.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. On average, analysts expect that Chart Industries, Inc. will post 9.94 earnings per share for the current year.

Insiders Place Their Bets

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

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.