Pier Capital LLC Has $11.71 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Pier Capital LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 61,382 shares of the industrial products company’s stock after purchasing an additional 1,865 shares during the period. Chart Industries comprises approximately 1.7% of Pier Capital LLC’s portfolio, making the stock its 3rd largest holding. Pier Capital LLC’s holdings in Chart Industries were worth $11,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position 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 valued at $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC bought a new position in shares of Chart Industries during the fourth quarter valued at $34,000. Blue Trust Inc. grew its stake 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 worth $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management grew its stake in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 69 shares during the period.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock worth $160,845 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GTLS. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research boosted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Citigroup increased 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. Finally, TD Cowen boosted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $196.08.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $163.10 on Tuesday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 47.27, a P/E/G ratio of 0.57 and a beta of 1.87. The firm’s 50-day moving average price is $186.11 and its 200-day moving average price is $167.48. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $2.25 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.