27,600 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by Atika Capital Management LLC

Atika Capital Management LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 27,600 shares of the industrial products company’s stock, valued at approximately $5,267,000. Atika Capital Management LLC owned about 0.06% of Chart Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Smartleaf Asset Management LLC increased its position in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new position in Chart Industries in the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management raised its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays lifted their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.83.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. 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 acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock valued at $160,845 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 7.4 %

Shares of Chart Industries stock opened at $115.48 on Friday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market cap of $5.28 billion, a PE ratio of 33.47, a PEG ratio of 0.57 and a beta of 1.68. The firm has a 50-day moving average of $173.52 and a 200-day moving average of $169.09. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.