Mutual of America Capital Management LLC Has $8.66 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Mutual of America Capital Management LLC lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 59,999 shares of the industrial products company’s stock after selling 2,501 shares during the period. Mutual of America Capital Management LLC owned approximately 0.14% of Chart Industries worth $8,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. L & S Advisors Inc bought a new position in shares of Chart Industries during the 2nd quarter worth approximately $1,657,000. Primecap Management Co. CA bought a new position in shares of Chart Industries during the 2nd quarter worth approximately $14,333,000. Citizens Financial Group Inc. RI bought a new position in shares of Chart Industries during the 2nd quarter worth approximately $221,000. Dimensional Fund Advisors LP lifted its position in shares of Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after buying an additional 386,821 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Chart Industries by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,495 shares of the industrial products company’s stock worth $6,567,000 after buying an additional 2,593 shares in the last quarter.

Insider Activity

In other news, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated 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 directly owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Linda S. Harty purchased 5,000 shares of Chart Industries stock in a transaction dated 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 directly owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 1,000 shares of Chart Industries stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares in the company, valued at $1,207,640. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock worth $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $199.00 target price on shares of Chart Industries in a research report on Monday, August 26th. The Goldman Sachs Group lowered their price target 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. Craig Hallum lowered their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $185.54.

Chart Industries Stock Up 1.5 %

Chart Industries stock opened at $121.60 on Thursday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $176.85. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 121.60, a P/E/G ratio of 0.35 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The firm has a 50 day simple moving average of $131.37 and a 200 day simple moving average of $143.50.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post 10.57 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.