Commonwealth Equity Services LLC Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Commonwealth Equity Services LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,283 shares of the industrial products company’s stock after buying an additional 743 shares during the period. Commonwealth Equity Services LLC’s holdings in Chart Industries were worth $907,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 1492 Capital Management LLC purchased a new position in Chart Industries in the 4th quarter worth approximately $1,509,000. Greenwood Capital Associates LLC increased its stake in Chart Industries by 21.6% in the 4th quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock worth $11,583,000 after purchasing an additional 15,078 shares during the period. Stifel Financial Corp increased its stake in Chart Industries by 49.3% in the 4th quarter. Stifel Financial Corp now owns 125,543 shares of the industrial products company’s stock worth $17,115,000 after purchasing an additional 41,446 shares during the period. Perpetual Ltd increased its stake in Chart Industries by 24.0% in the 1st quarter. Perpetual Ltd now owns 543,933 shares of the industrial products company’s stock worth $89,597,000 after purchasing an additional 105,236 shares during the period. Finally, King Luther Capital Management Corp increased its stake in Chart Industries by 8.6% in the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after purchasing an additional 73,586 shares during the period.

Chart Industries Trading Up 2.3 %

Chart Industries stock opened at $119.97 on Wednesday. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 120.12, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $176.85. The business’s fifty day simple moving average is $131.67 and its two-hundred day simple moving average is $143.69.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. As a group, equities analysts predict that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GTLS shares. Morgan Stanley raised 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. Craig Hallum reduced their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus reissued a “buy” rating and set a $199.00 target price on shares of Chart Industries in a research note on Monday, August 26th. Wells Fargo & Company reduced their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus target price of $185.54.

Insider Activity

In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mahoney acquired 500 shares of Chart Industries 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 transaction, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,152 shares of company stock valued at $482,278 over the last ninety days. 0.95% of the stock is currently owned by corporate 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.