GSA Capital Partners LLP Takes Position in Chart Industries, Inc. (NYSE:GTLS)

GSA Capital Partners LLP acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,695 shares of the industrial products company’s stock, valued at approximately $210,000.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Chart Industries during the 3rd quarter valued at $34,000. UMB Bank n.a. increased its position in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new position in Chart Industries in the second quarter valued at about $40,000. Ecofi Investissements SA purchased a new position in Chart Industries in the second quarter worth about $50,000. Finally, Mendota Financial Group LLC grew its stake in shares of Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the period.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock worth $482,278 over the last three months. 0.95% of the stock is owned by corporate insiders.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $183.80 on Monday. The stock has a 50 day moving average price of $136.66 and a 200-day moving average price of $138.54. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $186.18. The stock 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. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. Equities analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Barclays reduced their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Craig Hallum lifted their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.