Fisher Asset Management LLC Boosts Stake in Chart Industries, Inc. (NYSE:GTLS)

Fisher Asset Management LLC grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 592,486 shares of the industrial products company’s stock after buying an additional 13,181 shares during the quarter. Fisher Asset Management LLC’s holdings in Chart Industries were worth $73,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cerity Partners LLC boosted its holdings in shares of Chart Industries by 49.6% in the 3rd quarter. Cerity Partners LLC now owns 56,702 shares of the industrial products company’s stock worth $7,039,000 after buying an additional 18,795 shares during the last quarter. Investors Research Corp purchased a new position in Chart Industries in the third quarter valued at approximately $403,000. Charles Schwab Investment Management Inc. grew its holdings in Chart Industries by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock valued at $62,304,000 after purchasing an additional 11,706 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Chart Industries in the third quarter worth $335,000. Finally, Primecap Management Co. CA raised its stake in shares of Chart Industries by 56.7% in the third quarter. Primecap Management Co. CA now owns 155,600 shares of the industrial products company’s stock valued at $19,316,000 after buying an additional 56,300 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Bank of America reduced their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays lowered their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Trading Up 3.2 %

Shares of GTLS opened at $189.73 on Tuesday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $192.99. The company has a market capitalization of $8.12 billion, a P/E ratio of 54.99, a P/E/G ratio of 0.94 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $138.11 and its 200 day simple moving average is $138.78.

Chart Industries (NYSE:GTLS) last posted 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 net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $1.28 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction on 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 completion of the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Mahoney acquired 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock valued at $482,278 over the last 90 days. 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.