Avantax Advisory Services Inc. Grows Stake in Chart Industries, Inc. (NYSE:GTLS)

Avantax Advisory Services Inc. boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 130.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,698 shares of the industrial products company’s stock after buying an additional 3,789 shares during the period. Avantax Advisory Services Inc.’s holdings in Chart Industries were worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised 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 acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new stake in Chart Industries during the fourth quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after buying an additional 69 shares during the last quarter.

Chart Industries Trading Down 1.2 %

NYSE:GTLS opened at $149.89 on Wednesday. The firm has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.57 and a beta of 1.87. 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 company has a fifty day moving average of $189.50 and a 200 day moving average of $166.30.

Chart Industries (NYSE:GTLS) last posted its 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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on GTLS shares. Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. The Goldman Sachs Group upped their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. TD Cowen boosted their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Citigroup boosted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Insider Activity

In other news, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares in the company, valued at $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. Over the last three months, insiders have acquired 1,109 shares of company stock valued at $160,845. Company 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.