Shell Asset Management Co. Has $5.51 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Shell Asset Management Co. boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1,084.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 28,867 shares of the industrial products company’s stock after buying an additional 26,430 shares during the period. Shell Asset Management Co.’s holdings in Chart Industries were worth $5,509,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Capital Analysts LLC acquired a new position in shares of Chart Industries during the 4th quarter worth $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new position in Chart Industries in the 4th quarter valued at $34,000. Blue Trust Inc. lifted its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the last quarter. Finally, Spire Wealth Management lifted its position in 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 period.

Chart Industries Stock Performance

Shares of GTLS opened at $170.09 on Friday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a fifty day simple moving average of $142.47 and a 200 day simple moving average of $171.63. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 0.57 and a beta of 1.69. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Insider Activity

In related news, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought 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 trade represents a 58.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on GTLS shares. Barclays boosted their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group dropped their price target on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price target on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Two equities research 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 stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Buy” and an average price target of $201.64.

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.