Royce & Associates LP Acquires 15,502 Shares of Chart Industries, Inc. (NYSE:GTLS)

Royce & Associates LP raised its holdings in Chart Industries, Inc. (NYSE:GTLS) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,960 shares of the industrial products company’s stock after acquiring an additional 15,502 shares during the quarter. Royce & Associates LP owned approximately 0.32% of Chart Industries worth $16,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GTLS. EFG Asset Management North America Corp. grew its position in shares of Chart Industries by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after buying an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after buying an additional 64 shares in the last quarter. Arizona State Retirement System grew its position in shares of Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after buying an additional 87 shares in the last quarter. Aristeia Capital L.L.C. grew its position in shares of Chart Industries by 3.7% during the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after buying an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC grew its position in shares of Chart Industries by 1.6% during the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after buying an additional 100 shares in the last quarter.

Chart Industries Trading Down 2.1 %

Chart Industries stock opened at $165.88 on Friday. The stock has a 50-day moving average of $130.45 and a two-hundred day moving average of $138.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $176.16. The stock has a market cap of $7.10 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, research analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda S. Harty bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares of the company’s stock, valued at $1,207,640. This trade represents a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 over the last three months. 0.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Bank of America dropped their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Monday, September 16th. Craig Hallum upped their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Barclays decreased their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $178.82.

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.