Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,960 shares of the industrial products company’s stock after acquiring an additional 15,502 shares during the period. Royce & Associates LP’s holdings in Chart Industries were worth $16,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries during the first quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the third quarter valued at $34,000. Byrne Asset Management LLC purchased a new stake in Chart Industries in the second quarter valued at $40,000. UMB Bank n.a. raised its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the period. Finally, Ecofi Investissements SA purchased a new stake in Chart Industries in the second quarter valued at $50,000.

Chart Industries Trading Down 2.1 %

NYSE:GTLS opened at $165.88 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 one year low of $101.60 and a one year high of $176.16. The business’s 50-day simple moving average is $130.45 and its 200 day simple moving average is $138.00. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 48.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71.

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). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group lowered their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Stifel Nicolaus upped their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Bank of America reduced their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty bought 1,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $113.50 per share, with a total value of $113,500.00. Following the purchase, the director now directly owns 10,640 shares in the company, valued at $1,207,640. This trade represents a 10.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko purchased 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, for a total transaction of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

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.