Ecofi Investissements SA Makes New $50,000 Investment in Chart Industries, Inc. (NYSE:GTLS)

Ecofi Investissements SA acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the second quarter, HoldingsChannel reports. The firm acquired 350 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital World Investors raised its stake in Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after acquiring an additional 17,450 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Chart Industries by 2.2% in the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after purchasing an additional 25,000 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after purchasing an additional 59,322 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Chart Industries by 10.7% during the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock worth $111,209,000 after buying an additional 74,519 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS opened at $125.70 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average is $125.80 and its two-hundred day moving average is $142.38. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $173.65. The firm has a market capitalization of $5.38 billion, a PE ratio of 125.70, a P/E/G ratio of 0.39 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $1.19 EPS. The company’s revenue was up 14.5% on a year-over-year basis. Research analysts anticipate that Chart Industries, Inc. will post 10.72 earnings per share for the current year.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries 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 transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now owns 2,107 shares in the company, valued at $224,500.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, 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 90 days. 0.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on GTLS. Bank of America boosted their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 15th. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Barclays decreased their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

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.