Primecap Management Co. CA Has $19.32 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Primecap Management Co. CA grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 56.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 155,600 shares of the industrial products company’s stock after acquiring an additional 56,300 shares during the period. Primecap Management Co. CA’s holdings in Chart Industries were worth $19,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Chart Industries in the second quarter valued at approximately $40,000. Ecofi Investissements SA bought a new position in shares of Chart Industries during the second quarter worth approximately $50,000. Finally, Mendota Financial Group LLC lifted its holdings in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Wells Fargo & Company lowered their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Stifel Nicolaus raised their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Insider Activity

In other news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Up 4.4 %

NYSE GTLS opened at $183.81 on Friday. The business has a fifty day moving average price of $136.66 and a two-hundred day moving average price of $138.82. The stock has a market capitalization of $7.87 billion, a PE ratio of 53.28, a PEG ratio of 0.87 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $186.18. 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 quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. Chart Industries’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

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.