Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,163 shares of the industrial products company’s stock after buying an additional 626 shares during the period. Harbour Investments Inc.’s holdings in Chart Industries were worth $413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its stake in Chart Industries by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 114 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Chart Industries by 4.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company’s stock valued at $1,444,000 after purchasing an additional 326 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Chart Industries in the fourth quarter worth about $477,000. Erste Asset Management GmbH acquired a new stake in Chart Industries in the fourth quarter worth about $453,000. Finally, Swiss National Bank grew its position in Chart Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 84,200 shares of the industrial products company’s stock valued at $16,069,000 after buying an additional 600 shares in the last quarter.

Chart Industries Price Performance

GTLS stock opened at $155.48 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a 50-day moving average of $187.64 and a two-hundred day moving average of $166.15. The firm has a market capitalization of $7.10 billion, a PE ratio of 45.07, a P/E/G ratio of 0.57 and a beta of 1.87. 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 issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $2.25 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 500 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GTLS. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Barclays lifted their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. TD Cowen upped their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Chart Industries 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.