Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,334 shares of the industrial products company’s stock after acquiring an additional 879 shares during the quarter. Inspire Investing LLC’s holdings in Chart Industries were worth $414,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. raised its holdings in Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in Chart Industries by 5.1% during the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after purchasing an additional 85 shares in the last quarter. Arizona State Retirement System raised its holdings in Chart Industries by 0.7% during the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares in the last quarter. Finally, Aristeia Capital L.L.C. raised its holdings in Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 92 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus lowered their target price on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.00.

Chart Industries Stock Performance

NYSE:GTLS opened at $127.16 on Thursday. The firm’s fifty day moving average price is $119.56 and its 200 day moving average price is $139.64. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $171.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 127.16, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted 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). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. On average, sell-side analysts expect that Chart Industries, Inc. will post 10.42 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 7,152 shares of company stock worth $482,278. Corporate 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.