Cibc World Markets Corp Invests $768,000 in Chart Industries, Inc. (NYSE:GTLS)

Cibc World Markets Corp bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,022 shares of the industrial products company’s stock, valued at approximately $768,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbour Investments Inc. grew its position in Chart Industries by 40.7% in the 4th quarter. Harbour Investments Inc. now owns 2,163 shares of the industrial products company’s stock valued at $413,000 after buying an additional 626 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Chart Industries by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 114 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company’s stock worth $1,444,000 after purchasing an additional 326 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $477,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $453,000.

Chart Industries Stock Performance

GTLS stock opened at $155.34 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. The stock has a market cap of $7.10 billion, a P/E ratio of 45.03, a P/E/G ratio of 0.57 and a beta of 1.87. The firm has a 50 day simple moving average of $186.85 and a 200 day simple moving average of $166.74. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last posted its quarterly 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). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GTLS shares. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, BTIG Research lifted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.08.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is 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.