Sanctuary Advisors LLC Purchases Shares of 3,470 Chart Industries, Inc. (NYSE:GTLS)

Sanctuary Advisors LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the second quarter, HoldingsChannel.com reports. The firm acquired 3,470 shares of the industrial products company’s stock, valued at approximately $520,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 45,137 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp boosted its holdings 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 buying an additional 59,322 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Chart Industries by 10.7% in the 2nd 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, Perpetual Ltd increased its holdings in Chart Industries by 24.0% during the first quarter. Perpetual Ltd now owns 543,933 shares of the industrial products company’s stock worth $89,597,000 after buying an additional 105,236 shares during the last quarter.

Chart Industries Trading Down 2.3 %

GTLS stock opened at $124.53 on Wednesday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $171.68. The company has a market capitalization of $5.33 billion, a PE ratio of 124.53, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70. The company’s 50-day simple moving average is $119.30 and its 200 day simple moving average is $139.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 10.42 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Linda S. Harty acquired 1,000 shares of the 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 completion of the transaction, the director now directly owns 10,640 shares in the company, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

GTLS has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Morgan Stanley upgraded shares of 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. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays dropped their price objective on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. 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 research note on Monday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.09.

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.