State of Alaska Department of Revenue Raises Position in Chart Industries, Inc. (NYSE:GTLS)

State of Alaska Department of Revenue grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,868 shares of the industrial products company’s stock after acquiring an additional 330 shares during the period. State of Alaska Department of Revenue’s holdings in Chart Industries were worth $604,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GTLS. Vanguard Group Inc. grew its stake in Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares during the period. Bamco Inc. NY increased its stake in shares of Chart Industries by 2.2% in the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after acquiring an additional 25,000 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares in the last quarter. Principal Financial Group Inc. lifted its position in Chart Industries by 10.7% during the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after acquiring an additional 74,519 shares during the period. Finally, Perpetual Ltd boosted its stake in Chart Industries by 7.3% during the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after acquiring an additional 34,153 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $163.29 on Friday. The firm’s 50-day moving average price is $124.06 and its 200-day moving average price is $137.24. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $171.68. The company has a market cap of $6.99 billion, a PE ratio of 47.33, a PEG ratio of 0.73 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, analysts anticipate that Chart Industries, Inc. will post 9 EPS for the current year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on 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 directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost 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 of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus boosted their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday. Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

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.