Assetmark Inc. Has $263,000 Holdings in Chart Industries, Inc. (NYSE:GTLS)

Assetmark Inc. increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,121 shares of the industrial products company’s stock after acquiring an additional 128 shares during the quarter. Assetmark Inc.’s holdings in Chart Industries were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $30,000. Empowered Funds LLC bought a new stake in Chart Industries in the first quarter worth about $256,000. ProShare Advisors LLC raised its stake in shares of Chart Industries by 4.8% in the first quarter. ProShare Advisors LLC now owns 9,777 shares of the industrial products company’s stock valued at $1,610,000 after buying an additional 449 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Chart Industries by 7.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,613 shares of the industrial products company’s stock worth $760,000 after purchasing an additional 330 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in shares of Chart Industries by 21.0% in the first quarter. Orion Portfolio Solutions LLC now owns 14,522 shares of the industrial products company’s stock valued at $2,392,000 after purchasing an additional 2,524 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on GTLS. 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 report on Monday, October 14th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Insider Activity

In related news, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 10.37 % increase in their ownership of the stock. The purchase 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 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Chart Industries Trading Down 2.2 %

GTLS stock opened at $165.62 on Friday. The business’s 50-day moving average is $130.45 and its 200 day moving average is $137.96. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $176.16. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 0.88 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

About Chart Industries

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.