Loomis Sayles & Co. L P Acquires 21,206 Shares of Chart Industries, Inc. (NYSE:GTLS)

Loomis Sayles & Co. L P raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,101 shares of the industrial products company’s stock after acquiring an additional 21,206 shares during the period. Loomis Sayles & Co. L P owned about 0.18% of Chart Industries worth $9,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries in the third quarter worth approximately $34,000. Byrne Asset Management LLC bought a new position in shares of Chart Industries in the second quarter worth approximately $40,000. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Ecofi Investissements SA bought a new position in shares of Chart Industries in the second quarter worth approximately $50,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Chart Industries by 37.9% in the first quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 157 shares during the last quarter.

Chart Industries Price Performance

NYSE GTLS opened at $195.60 on Thursday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $196.18. The stock has a 50-day moving average of $139.52 and a 200 day moving average of $139.06. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 0.97 and a beta of 1.71. 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 (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. Chart Industries’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Buying and Selling at Chart Industries

In other news, Director Linda S. Harty purchased 1,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $113.50 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mahoney acquired 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 in the last three months. 0.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GTLS. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group dropped their price target 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. Finally, Barclays dropped their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

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.