Commerce Bank Has $335,000 Stake in Chart Industries, Inc. (NYSE:GTLS)

Commerce Bank lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,701 shares of the industrial products company’s stock after selling 75 shares during the quarter. Commerce Bank’s holdings in Chart Industries were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. SIR Capital Management L.P. grew its holdings in Chart Industries by 74.7% during the second quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after purchasing an additional 41,626 shares during the last quarter. NBW Capital LLC grew its stake in Chart Industries by 28.7% in the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock valued at $9,661,000 after buying an additional 13,062 shares during the last quarter. Premier Fund Managers Ltd acquired a new position in Chart Industries in the 3rd quarter valued at $733,000. Primecap Management Co. CA acquired a new position in Chart Industries during the 2nd quarter worth $14,333,000. Finally, Boston Partners bought a new stake in Chart Industries during the first quarter valued at about $30,755,000.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

NYSE GTLS opened at $190.60 on Wednesday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $192.99. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.16 billion, a P/E ratio of 55.25, a PEG ratio of 0.94 and a beta of 1.71. The company’s 50-day simple moving average is $138.11 and its 200 day simple moving average is $138.78.

Chart Industries (NYSE:GTLS) last issued its earnings results 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). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. As a group, research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GTLS shares. Stifel Nicolaus boosted their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Three research analysts have rated the stock with 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.82.

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.