Inspire Investing LLC Acquires 303 Shares of Chart Industries, Inc. (NYSE:GTLS)

Inspire Investing LLC raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 14.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,455 shares of the industrial products company’s stock after acquiring an additional 303 shares during the quarter. Inspire Investing LLC’s holdings in Chart Industries were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $30,000. Cape Investment Advisory Inc. acquired a new position in shares of Chart Industries during the fourth quarter worth $33,000. Rise Advisors LLC increased its position in shares of Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries during the 2nd quarter valued at $40,000. Finally, Covestor Ltd boosted its position in shares of Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 311 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GTLS shares. The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Barclays decreased their price objective on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Bank of America boosted their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. Finally, Craig Hallum dropped their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.08.

Chart Industries Stock Performance

Shares of GTLS stock opened at $122.43 on Monday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $173.65. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The stock has a market cap of $5.24 billion, a PE ratio of 122.43, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. The business has a 50-day simple moving average of $129.79 and a 200-day simple moving average of $143.09.

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). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts expect that Chart Industries, Inc. will post 10.57 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company’s stock.

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.