Mirae Asset Global Investments Co. Ltd. grew its position in Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 212.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,155 shares of the industrial products company’s stock after acquiring an additional 39,563 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.16% of Chart Industries worth $6,701,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of GTLS. Quadrant Capital Group LLC boosted its position in Chart Industries by 121.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock valued at $54,000 after buying an additional 160 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Chart Industries by 180.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,657 shares of the industrial products company’s stock valued at $3,763,000 after buying an additional 21,031 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in Chart Industries in the 3rd quarter worth $299,000. Iridian Asset Management LLC CT acquired a new position in shares of Chart Industries during the fourth quarter worth about $361,000. Finally, Amalgamated Bank grew its stake in shares of Chart Industries by 2.2% during the 3rd quarter. Amalgamated Bank now owns 25,094 shares of the industrial products company’s stock worth $4,626,000 after acquiring an additional 550 shares in the last quarter.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. CL King assumed coverage on Chart Industries in a report on Monday, May 8th. They set a “buy” rating and a $165.00 target price on the stock. Craig Hallum lowered their target price on Chart Industries from $249.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, February 13th. TheStreet cut shares of Chart Industries from a “b-” rating to a “c” rating in a research note on Friday, February 24th. StockNews.com began coverage on Chart Industries in a report on Thursday, May 18th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Chart Industries from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.06.
Chart Industries Stock Up 3.8 %
Chart Industries (NYSE:GTLS – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $1.05. Chart Industries had a positive return on equity of 9.07% and a negative net margin of 0.14%. The firm had revenue of $537.90 million during the quarter, compared to analyst estimates of $495.89 million. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 51.9% on a year-over-year basis. On average, analysts anticipate that Chart Industries, Inc. will post 6.06 EPS for the current year.
Insiders Place Their Bets
In other news, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction on Monday, March 20th. The shares were acquired at an average price of $105.01 per share, for a total transaction of $525,050.00. Following the completion of the acquisition, the director now owns 6,067 shares in the company, valued at $637,095.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Gerald F. Vinci purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were bought at an average cost of $119.28 per share, with a total value of $35,784.00. Following the completion of the transaction, the vice president now directly owns 300 shares of the company’s stock, valued at $35,784. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction on Monday, March 20th. The shares were purchased at an average cost of $105.01 per share, for a total transaction of $525,050.00. Following the transaction, the director now owns 6,067 shares in the company, valued at $637,095.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,875 shares of company stock worth $836,825. 0.80% of the stock is currently owned by company insiders.
About Chart Industries
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
Featured Articles
- Get a free copy of the StockNews.com research report on Chart Industries (GTLS)
- monday.com Surges on Price and Volume after Blowout Results
- Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show
- All Aboard! The Sell-Side Has Railroads In Reversal
- Is There Value Left in Lyft Stock?
- Everything About ZIM Integrated Screams Undervaluation
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.
