1,093 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,093 shares of the industrial products company’s stock, valued at approximately $209,000.

Other institutional investors have also bought and sold shares of the company. Capital Analysts LLC bought a new position in Chart Industries in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries in the 4th quarter valued at $34,000. Blue Trust Inc. grew its stake 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 period. Finally, Spire Wealth Management grew its stake 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 period.

Insiders Place Their Bets

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction 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 in the company, valued at approximately $1,645,691.40. This represents a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock worth $160,845 in the last quarter. 0.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on GTLS shares. Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. Stifel Nicolaus reduced their price objective on Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Barclays increased their price target on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. The Goldman Sachs Group cut their price target on Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley cut their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $201.64.

Chart Industries Stock Down 0.5%

Shares of NYSE GTLS opened at $174.24 on Thursday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business has a 50-day simple moving average of $141.92 and a two-hundred day simple moving average of $171.32. 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 company has a market cap of $7.96 billion, a P/E ratio of 50.50, a P/E/G ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $1.49 EPS. The firm’s revenue was up 38.8% compared to the same quarter last year. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.