Sheets Smith Wealth Management Buys 457 Shares of Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Wealth Management increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,389 shares of the industrial products company’s stock after purchasing an additional 457 shares during the period. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,041,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Chart Industries during the 1st quarter valued at $30,000. Byrne Asset Management LLC bought a new stake in Chart Industries during the second quarter valued at $40,000. UMB Bank n.a. grew its position in 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 buying an additional 255 shares in the last quarter. Ecofi Investissements SA bought a new position in Chart Industries in the 2nd quarter worth about $50,000. Finally, Covestor Ltd raised its holdings in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 311 shares in the last quarter.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty purchased 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 transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock valued at $482,278 over the last ninety days. 0.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GTLS has been the subject of several recent analyst reports. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Craig Hallum upped their target price on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three 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 company’s stock. According to MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

Shares of GTLS stock opened at $166.59 on Friday. 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, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The company has a market capitalization of $7.13 billion, a P/E ratio of 48.29, a PEG ratio of 0.85 and a beta of 1.71. The stock has a 50 day moving average price of $124.95 and a two-hundred day moving average price of $137.25.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm 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. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

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.