Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 5,989 Chart Industries, Inc. (NYSE:GTLS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,989 shares of the industrial products company’s stock, valued at approximately $864,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Chart Industries in the 2nd quarter valued at $296,000. Sanctuary Advisors LLC bought a new stake in Chart Industries in the 2nd quarter valued at about $520,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Chart Industries during the 2nd quarter worth approximately $923,000. Ecofi Investissements SA bought a new position in shares of Chart Industries during the second quarter worth approximately $50,000. Finally, Creative Planning boosted its stake in shares of Chart Industries by 57.6% in the second quarter. Creative Planning now owns 5,621 shares of the industrial products company’s stock valued at $811,000 after buying an additional 2,055 shares during the period.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $124.06 on Wednesday. The firm has a 50 day simple moving average of $120.28 and a 200 day simple moving average of $141.04. The company has a market cap of $5.31 billion, a price-to-earnings ratio of 124.06, a PEG ratio of 0.39 and a beta of 1.70. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $1.19 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. Research analysts predict that Chart Industries, Inc. will post 10.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,152 shares of company stock worth $482,278 in the last ninety days. Company insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GTLS. Bank of America lifted their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a 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 objective for the company in a research report on Monday, September 16th. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Barclays cut their price target on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Chart Industries Company 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.