Point72 Asia Singapore Pte. Ltd. Invests $296,000 in Chart Industries, Inc. (NYSE:GTLS)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,053 shares of the industrial products company’s stock, valued at approximately $296,000.

A number of other large investors also recently bought and sold shares of GTLS. Capital World Investors boosted its position 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 valued at $679,814,000 after acquiring an additional 17,450 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY grew its stake in Chart Industries by 2.2% in the first 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 raised its holdings in Chart Industries by 6.3% in the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after purchasing an additional 59,322 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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.

Insider Buying and Selling at Chart Industries

In related news, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Paul E. Mahoney bought 500 shares of the company’s 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 completion of the acquisition, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by insiders.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $124.23 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $173.65. The business’s 50 day moving average price is $126.55 and its 200 day moving average price is $142.56. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.32 billion, a P/E ratio of 124.23, a P/E/G ratio of 0.39 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business 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 firm’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. On average, sell-side analysts expect that Chart Industries, Inc. will post 10.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on GTLS shares. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Barclays decreased their price objective on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 price target on shares of Chart Industries in a research note on Monday, August 26th. Finally, Craig Hallum lowered their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

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.