Clearline Capital LP Purchases New Position in Chart Industries, Inc. (NYSE:GTLS)

Clearline Capital LP bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,971 shares of the industrial products company’s stock, valued at approximately $2,475,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. Capital Analysts LLC bought a new position in Chart Industries in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $34,000. Blue Trust Inc. grew its position in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Finally, Spire Wealth Management raised its stake in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter.

Chart Industries Stock Performance

Chart Industries stock opened at $150.74 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 market capitalization of $6.77 billion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm’s fifty day moving average price is $140.98 and its 200 day moving average price is $169.79.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GTLS. Wells Fargo & Company cut their target price on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. TD Cowen dropped their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Barclays boosted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a research report on Monday. Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group decreased their price target on Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of “Buy” and a consensus price target of $201.64.

Insiders Place Their Bets

In related news, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 in the last three months. Insiders own 0.99% of the company’s stock.

Chart Industries 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.