Verdence Capital Advisors LLC Acquires Shares of 1,401 Chart Industries, Inc. (NYSE:GTLS)

Verdence Capital Advisors LLC acquired a new position in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,401 shares of the industrial products company’s stock, valued at approximately $267,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries in the third quarter worth about $34,000. Blue Trust Inc. grew its holdings in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management grew its holdings in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Chart Industries during the fourth quarter valued at approximately $56,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of analyst reports. BTIG Research raised 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. Barclays raised their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

NYSE GTLS opened at $149.89 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’s fifty day moving average is $197.11 and its two-hundred day moving average is $164.24. The firm has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted $2.25 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company 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.