Blueshift Asset Management LLC Buys New Position in Chart Industries, Inc. (NYSE:GTLS)

Blueshift Asset Management LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,004 shares of the industrial products company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its holdings in shares of Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 114 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of Chart Industries in the third quarter valued at $7,137,000. BNP Paribas Financial Markets increased its holdings in shares of Chart Industries by 41.9% in the third quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company’s stock valued at $3,209,000 after buying an additional 7,634 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in shares of Chart Industries during the 3rd quarter valued at $5,942,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Chart Industries by 0.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company’s stock worth $7,067,000 after acquiring an additional 389 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GTLS shares. The Goldman Sachs Group cut their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Trading Up 2.6 %

Shares of NYSE:GTLS opened at $195.60 on Friday. The firm has a market capitalization of $8.37 billion, a P/E ratio of 56.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $196.18. 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 has a fifty day moving average of $141.00 and a two-hundred day moving average of $139.46.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. On average, equities analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were acquired 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 in the company, valued at approximately $240,250. This trade represents a ∞ 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 440 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by insiders.

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.