Sheets Smith Wealth Management Purchases 457 Shares of Chart Industries, Inc. (NYSE:GTLS)

Sheets Smith Wealth Management raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,389 shares of the industrial products company’s stock after acquiring an additional 457 shares during the quarter. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,041,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries during the 1st quarter valued at $30,000. UMB Bank n.a. raised its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC bought a new position in shares of Chart Industries during the 2nd quarter worth about $40,000. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the 2nd quarter valued at about $50,000. Finally, Covestor Ltd increased its position in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after buying an additional 311 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTLS. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Barclays dropped their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Price Performance

Chart Industries stock opened at $166.59 on Friday. The stock has a market cap of $7.13 billion, a P/E ratio of 48.29, a P/E/G ratio of 0.85 and a beta of 1.71. 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’s 50 day moving average price is $124.95 and its two-hundred day moving average price is $137.25. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $171.68.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 7,152 shares of company stock valued at $482,278. Company insiders own 0.95% of the company’s stock.

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.