Duff & Phelps Investment Management Co. Buys 1,378 Shares of Chart Industries, Inc. (NYSE:GTLS)

Duff & Phelps Investment Management Co. raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,135 shares of the industrial products company’s stock after acquiring an additional 1,378 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Chart Industries were worth $789,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new stake in Chart Industries during the 4th quarter valued at $34,000. Blue Trust Inc. raised its position in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management raised its position in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares in the last quarter.

Chart Industries Stock Down 4.0 %

NYSE:GTLS opened at $147.48 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock’s fifty day simple moving average is $181.51 and its 200-day simple moving average is $167.91. The firm has a market capitalization of $6.74 billion, a P/E ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for 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%. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on GTLS shares. Morgan Stanley lowered their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company lowered their price target on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, BTIG Research boosted their price objective 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. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $202.33.

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.