Itau Unibanco Holding S.A. Buys New Shares in Chart Industries, Inc. (NYSE:GTLS)

Itau Unibanco Holding S.A. acquired a new position in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 631 shares of the industrial products company’s stock, valued at approximately $91,000.

A number of other institutional investors also recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at about $30,000. Cape Investment Advisory Inc. acquired a new position in Chart Industries in the fourth quarter valued at approximately $33,000. Rise Advisors LLC boosted its position in Chart Industries by 905.0% in the 1st 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 acquired a new stake in shares of Chart Industries during the 2nd quarter worth approximately $40,000. Finally, Covestor Ltd increased its holdings in shares of Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 311 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on GTLS. The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Stifel Nicolaus reiterated a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research report on Monday, August 26th. Barclays dropped their price objective on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Finally, Bank of America increased their target price on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.08.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased 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 approximately $14,339,960.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chart Industries news, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 in the last three months. 0.95% of the stock is currently owned by insiders.

Chart Industries Price Performance

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

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

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.