Smartleaf Asset Management LLC Grows Stake in Chart Industries, Inc. (NYSE:GTLS)

Smartleaf Asset Management LLC lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 129.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163 shares of the industrial products company’s stock after buying an additional 92 shares during the period. Smartleaf Asset Management LLC’s holdings in Chart Industries were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. King Luther Capital Management Corp boosted its stake in shares of Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after buying an additional 29,139 shares during the last quarter. Geode Capital Management LLC raised its holdings in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the period. Principal Financial Group Inc. raised its holdings in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares during the period. Fisher Asset Management LLC raised its holdings in Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the period.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Wells Fargo & Company decreased their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Trading Down 1.2 %

Shares of GTLS stock opened at $145.84 on Thursday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average price is $193.53 and its 200-day moving average price is $165.32. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts predict that Chart Industries, Inc. will post 9.02 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.