BNP Paribas Financial Markets Buys 7,634 Shares of Chart Industries, Inc. (NYSE:GTLS)

BNP Paribas Financial Markets lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 41.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,853 shares of the industrial products company’s stock after purchasing an additional 7,634 shares during the quarter. BNP Paribas Financial Markets’ holdings in Chart Industries were worth $3,209,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its position 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 buying an additional 255 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Chart Industries during the second quarter valued at $40,000. Ecofi Investissements SA purchased a new position in Chart Industries during the second quarter worth about $50,000. Finally, Mendota Financial Group LLC increased its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GTLS. 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 report on Monday, November 4th. The Goldman Sachs Group cut 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. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research report on Monday. Finally, Stifel Nicolaus raised their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Trading Down 0.2 %

NYSE:GTLS opened at $190.60 on Friday. The firm has a market capitalization of $8.16 billion, a P/E ratio of 55.37, a P/E/G ratio of 0.99 and a beta of 1.86. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average of $147.95 and a 200 day moving average of $140.75. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share 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 analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, research analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insider Activity at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 6,712 shares of company stock worth $431,982 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Company 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.