9,834 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,834 shares of the industrial products company’s stock, valued at approximately $1,877,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Chart Industries during the fourth quarter worth approximately $206,000. Lisanti Capital Growth LLC bought a new position in Chart Industries during the fourth quarter worth about $5,962,000. Chung Wu Investment Group LLC bought a new position in shares of Chart Industries during the fourth quarter worth approximately $355,000. Lindbrook Capital LLC increased its stake in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the period. Finally, Arizona State Retirement System raised its stake in Chart Industries by 0.8% in the fourth quarter. Arizona State Retirement System now owns 12,424 shares of the industrial products company’s stock valued at $2,371,000 after purchasing an additional 99 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $149.89 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a fifty day moving average of $196.25 and a 200-day moving average of $165.11. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus boosted their price objective 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. Citigroup upped 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. Wells Fargo & Company dropped their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $194.08.

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.