Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,800 shares of the industrial products company’s stock after purchasing an additional 1,692 shares during the quarter. Natixis Advisors LLC owned 0.05% of Chart Industries worth $2,706,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Royce & Associates LP increased its position in Chart Industries by 12.9% during the third quarter. Royce & Associates LP now owns 135,960 shares of the industrial products company’s stock worth $16,878,000 after buying an additional 15,502 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new stake in shares of Chart Industries in the third quarter worth approximately $456,000. Victory Capital Management Inc. grew its holdings in Chart Industries by 27.4% in the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after purchasing an additional 83,685 shares during the period. GSA Capital Partners LLP acquired a new position in Chart Industries during the third quarter worth approximately $210,000. Finally, Harbour Investments Inc. raised its stake in Chart Industries by 251.7% during the third quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 1,100 shares during the period.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost 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. This trade represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $113.50 per share, with a total value of $113,500.00. Following the transaction, the director now directly owns 10,640 shares in the company, valued at $1,207,640. This represents a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock worth $482,278 in the last ninety days. 0.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GTLS shares. Stifel Nicolaus upped their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced 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. Morgan Stanley upgraded 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, Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Price Performance

GTLS opened at $183.80 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $136.66 and its 200 day moving average price is $138.54. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $186.18. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) 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 analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current 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.