Envestnet Asset Management Inc. Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Envestnet Asset Management Inc. raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 45,495 shares of the industrial products company’s stock after buying an additional 2,593 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Chart Industries were worth $6,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. grew its position in shares of Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Chart Industries by 3.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in Chart Industries by 5.1% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 85 shares during the period. Arizona State Retirement System grew its holdings in Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after buying an additional 87 shares during the period. Finally, New York State Teachers Retirement System increased its position in Chart Industries by 0.3% during the first quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock worth $6,417,000 after purchasing an additional 100 shares during the last quarter.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the 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 completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Up 1.2 %

Shares of NYSE:GTLS opened at $125.70 on Monday. 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 $5.38 billion, a P/E ratio of 125.70, a P/E/G ratio of 0.39 and a beta of 1.70. The company’s 50-day moving average price is $125.80 and its two-hundred day moving average price is $142.38. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $173.65.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. As a group, research analysts forecast that Chart Industries, Inc. will post 10.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GTLS shares. Bank of America upped their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Craig Hallum lowered their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $199.00 target price on shares of Chart Industries in a research report on Monday, August 26th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company 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.