KLP Kapitalforvaltning AS Invests $2.14 Million in Chart Industries, Inc. (NYSE:GTLS)

KLP Kapitalforvaltning AS bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, HoldingsChannel reports. The fund bought 11,200 shares of the industrial products company’s stock, valued at approximately $2,137,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares during the last quarter. Wellington Management Group LLP grew its position 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 acquiring an additional 262,592 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Chart Industries by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company’s stock worth $98,871,000 after purchasing an additional 16,197 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Chart Industries by 1.5% in the 4th quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company’s stock valued at $98,599,000 after purchasing an additional 7,669 shares during the period.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, 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 transaction, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $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. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 in the last ninety days. 0.95% of the stock is currently owned by company insiders.

Chart Industries Trading Down 2.2 %

Shares of NYSE:GTLS opened at $153.54 on Friday. The company has a market capitalization of $7.01 billion, a P/E ratio of 44.50, a P/E/G ratio of 0.57 and a beta of 1.87. 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 business’s 50 day simple moving average is $182.86 and its 200 day simple moving average is $167.65. 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 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Barclays lifted their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Morgan Stanley dropped their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen lifted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.33.

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.