Proficio Capital Partners LLC Invests $4.30 Million in Chart Industries, Inc. (NYSE:GTLS)

Proficio Capital Partners LLC bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,519 shares of the industrial products company’s stock, valued at approximately $4,298,000. Proficio Capital Partners LLC owned approximately 0.05% of Chart Industries at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Blue Trust Inc. increased its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management raised its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Chart Industries during the 4th quarter valued at approximately $56,000. Finally, GAMMA Investing LLC grew its stake in Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 247 shares during the period.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company reduced their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.08.

Chart Industries Trading Up 2.1 %

Shares of Chart Industries stock opened at $152.01 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $190.50 and its 200-day simple moving average is $166.11. The stock has a market cap of $6.94 billion, a P/E ratio of 44.06, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $2.25 EPS. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by insiders.

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.