Lindbrook Capital LLC Grows Holdings in Chart Industries, Inc. (NYSE:GTLS)

Lindbrook Capital LLC raised its position in Chart Industries, Inc. (NYSE:GTLS) by 43.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228 shares of the industrial products company’s stock after purchasing an additional 69 shares during the period. Lindbrook Capital LLC’s holdings in Chart Industries were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GTLS. Private Advisor Group LLC purchased a new position in Chart Industries in the 3rd quarter valued at about $205,000. Janney Montgomery Scott LLC lifted its holdings in Chart Industries by 67.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,343 shares of the industrial products company’s stock valued at $6,746,000 after purchasing an additional 21,804 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Assetmark Inc. increased its stake in shares of Chart Industries by 6.4% during the 3rd quarter. Assetmark Inc. now owns 2,121 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 128 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of Chart Industries by 5.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 8,389 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 457 shares during the last quarter.

Chart Industries Stock Up 4.0 %

GTLS opened at $149.89 on Friday. The firm has a 50 day moving average price of $196.25 and a 200 day moving average price of $164.79. The company has a market cap of $6.85 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $2.25 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research analyst reports. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. TD Cowen upped their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Wells Fargo & Company dropped their price objective 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, Stifel Nicolaus upped their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries 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.