Loomis Sayles & Co. L P Grows Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Loomis Sayles & Co. L P boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 39.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 75,101 shares of the industrial products company’s stock after buying an additional 21,206 shares during the period. Loomis Sayles & Co. L P’s holdings in Chart Industries were worth $9,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after acquiring an additional 386,821 shares during the last quarter. Point72 Asset Management L.P. grew its position in Chart Industries by 323.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock valued at $60,067,000 after acquiring an additional 317,775 shares during the last quarter. Boston Partners bought a new position in Chart Industries in the 1st quarter valued at $30,755,000. Driehaus Capital Management LLC grew its position in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after acquiring an additional 156,562 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in Chart Industries in the 2nd quarter valued at $14,333,000.

Analyst Ratings Changes

GTLS has been the topic of several research reports. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus raised their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Craig Hallum lifted their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Stock Up 2.6 %

Shares of GTLS stock opened at $195.60 on Thursday. The stock has a 50 day moving average of $139.52 and a 200 day moving average of $139.06. 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 stock has a market cap of $8.37 billion, a P/E ratio of 56.70, a P/E/G ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $196.18.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Activity

In other news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock worth $482,278 over the last three months. 0.95% of the stock is currently owned by corporate 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.