Commonwealth Equity Services LLC Acquires 743 Shares of Chart Industries, Inc. (NYSE:GTLS)

Commonwealth Equity Services LLC lifted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 13.4% in the second quarter, HoldingsChannel.com reports. The fund owned 6,283 shares of the industrial products company’s stock after buying an additional 743 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Chart Industries were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new position in shares of Chart Industries in the second quarter worth about $1,313,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Chart Industries by 2.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 121,715 shares of the industrial products company’s stock worth $17,568,000 after acquiring an additional 2,941 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of Chart Industries by 0.9% in the second quarter. Peregrine Capital Management LLC now owns 80,588 shares of the industrial products company’s stock worth $11,632,000 after acquiring an additional 719 shares during the period. Principal Financial Group Inc. boosted its stake in Chart Industries by 10.7% during the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after buying an additional 74,519 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Chart Industries during the 2nd quarter valued at approximately $10,006,000.

Chart Industries Price Performance

Shares of GTLS stock opened at $119.97 on Wednesday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $176.85. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 120.12, a P/E/G ratio of 0.35 and a beta of 1.70. The stock has a fifty day simple moving average of $131.67 and a two-hundred day simple moving average of $143.69. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company posted $1.19 earnings per share. Chart Industries’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 in the last three months. 0.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GTLS. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Craig Hallum cut their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. The Goldman Sachs Group cut their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, Barclays cut their target price on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and an average target price of $185.54.

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.