Chart Industries, Inc. (NYSE:GTLS) is Emerald Advisers LLC’s 5th Largest Position

Emerald Advisers LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 249,438 shares of the industrial products company’s stock after selling 3,223 shares during the period. Chart Industries makes up approximately 1.9% of Emerald Advisers LLC’s investment portfolio, making the stock its 5th biggest position. Emerald Advisers LLC’s holdings in Chart Industries were worth $47,603,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in GTLS. Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Chart Industries by 10,372.6% in the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at $35,543,000. Braun Stacey Associates Inc. purchased a new stake in Chart Industries during the 4th quarter valued at $16,631,000. Finally, WCM Investment Management LLC purchased a new stake in Chart Industries during the 4th quarter valued at $16,239,000.

Chart Industries Stock Down 0.0 %

Shares of Chart Industries stock opened at $155.34 on Friday. 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 company has a 50-day moving average of $186.85 and a 200 day moving average of $166.74. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 45.03, a PEG 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 issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % 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 acquired 500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GTLS shares. Barclays increased their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, TD Cowen upped their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $196.08.

Chart Industries Company 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.