Riposte Capital LLC Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Riposte Capital LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, Holdings Channel.com reports. The fund purchased 70,000 shares of the industrial products company’s stock, valued at approximately $13,359,000. Chart Industries comprises about 2.6% of Riposte Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in Chart Industries during the 3rd quarter worth approximately $210,000. Natixis Advisors LLC raised its position in shares of Chart Industries by 8.4% in the 3rd quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock worth $2,706,000 after acquiring an additional 1,692 shares in the last quarter. Swiss National Bank lifted its stake in shares of Chart Industries by 0.6% in the 3rd quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock valued at $10,378,000 after purchasing an additional 500 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Chart Industries during the 3rd quarter valued at about $860,000. Finally, Intech Investment Management LLC lifted its stake in Chart Industries by 173.6% in the third quarter. Intech Investment Management LLC now owns 16,313 shares of the industrial products company’s stock valued at $2,025,000 after buying an additional 10,350 shares during the period.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. TD Cowen increased their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays boosted their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $196.08.

Insiders Place Their Bets

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 0.0 %

NYSE:GTLS opened at $155.34 on Monday. The firm has a 50-day moving average price of $186.85 and a two-hundred day moving average price of $167.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $2.25 earnings per share. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.