Erste Asset Management GmbH Takes $453,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Erste Asset Management GmbH bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,350 shares of the industrial products company’s stock, valued at approximately $453,000.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI raised its stake in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC raised its stake in Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 2,000 shares during the period. Finally, Premier Fund Managers Ltd acquired a new stake in Chart Industries during the third quarter worth about $733,000.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Up 4.4 %

GTLS stock opened at $149.06 on Friday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a market cap of $6.81 billion, a PE ratio of 43.20, a P/E/G ratio of 0.57 and a beta of 1.87. The firm has a 50 day simple moving average of $191.59 and a 200 day simple moving average of $165.59. 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 released its earnings results on Friday, February 28th. The industrial products company reported $2.66 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of several research reports. Raymond James reiterated 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 decreased their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus upped their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and an average price target of $194.08.

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.