Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 3,830.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,673 shares of the industrial products company’s stock after acquiring an additional 2,605 shares during the quarter. Parallel Advisors LLC’s holdings in Chart Industries were worth $510,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI increased its holdings in shares of Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC increased its holdings in shares of 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 valued at $73,551,000 after acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 2,000 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in Chart Industries in the 3rd quarter valued at $373,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GTLS. The Goldman Sachs Group boosted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Citigroup boosted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Stifel Nicolaus upped their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and an average target price of $196.08.

Chart Industries Price Performance

Chart Industries stock opened at $155.48 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. 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 firm’s 50-day simple moving average is $187.64 and its 200 day simple moving average is $166.15. The firm has a market capitalization of $7.10 billion, a PE ratio of 45.07, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company’s stock.

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.