Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,971 shares of the industrial products company’s stock after buying an additional 1,566 shares during the quarter. Beech Hill Advisors Inc. owned 0.05% of Chart Industries worth $2,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries during the 1st quarter worth approximately $30,000. Rise Advisors LLC grew its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares during the period. UMB Bank n.a. increased its holdings in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Chart Industries in the second quarter worth about $40,000. Finally, Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the 2nd quarter valued at about $50,000.

Chart Industries Stock Up 2.1 %

Shares of NYSE GTLS opened at $127.16 on Thursday. The stock has a market cap of $5.44 billion, a PE ratio of 127.16, a P/E/G ratio of 0.40 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $171.68. The company has a 50-day moving average of $119.56 and a 200 day moving average of $139.64.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company earned $1.19 earnings per share. Chart Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Chart Industries, Inc. will post 10.42 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Barclays decreased their target price on Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Craig Hallum decreased their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Bank of America dropped their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased 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 owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 in the last three months. 0.95% of the stock is currently owned by insiders.

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.