Holocene Advisors LP Buys Shares of 20,609 Chart Industries, Inc. (NYSE:GTLS)

Holocene Advisors LP purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,609 shares of the industrial products company’s stock, valued at approximately $2,558,000.

Other large investors also recently modified their holdings of the company. Mather Group LLC. raised its holdings in Chart Industries by 29.3% in the 2nd quarter. Mather Group LLC. now owns 882 shares of the industrial products company’s stock valued at $127,000 after buying an additional 200 shares during the last quarter. CWM LLC lifted its holdings in shares of Chart Industries by 4.7% during the second quarter. CWM LLC now owns 19,901 shares of the industrial products company’s stock worth $2,873,000 after purchasing an additional 888 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Chart Industries by 3.1% in the second quarter. Sequoia Financial Advisors LLC now owns 13,414 shares of the industrial products company’s stock worth $1,936,000 after purchasing an additional 401 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Chart Industries by 7.6% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,808 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 128 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares during the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the subject of several recent research reports. Barclays decreased their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus raised their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised 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 research note on Monday, September 16th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Craig Hallum upped their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

Shares of GTLS opened at $190.60 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $196.91. The company has a market cap of $8.16 billion, a PE ratio of 55.25, a P/E/G ratio of 0.99 and a beta of 1.86. The stock has a 50-day moving average of $147.95 and a 200-day moving average of $140.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $1.28 EPS. The company’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In related news, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda S. Harty purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares in the company, valued at $1,207,640. The trade was a 10.37 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,712 shares of company stock worth $431,982. 0.95% of the stock is owned by corporate insiders.

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.