Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Boosted by Swiss National Bank

Swiss National Bank raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,200 shares of the industrial products company’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned about 0.20% of Chart Industries worth $16,069,000 as of its most recent SEC filing.

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

Chart Industries Trading Down 1.2 %

NYSE GTLS opened at $149.89 on Wednesday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year 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 company has a market capitalization of $6.85 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The firm’s fifty day simple moving average is $189.50 and its 200-day simple moving average is $166.30.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $2.25 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Raymond James reiterated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, TD Cowen increased their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.08.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by insiders.

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.