55,000 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Long Focus Capital Management LLC

Long Focus Capital Management LLC purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 55,000 shares of the industrial products company's stock, valued at approximately $10,496,000. Long Focus Capital Management LLC owned 0.13% of Chart Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new position in Chart Industries during the fourth quarter worth $34,000. Blue Trust Inc. raised its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management lifted its stake in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 69 shares during the period.

Chart Industries Price Performance

NYSE GTLS traded down $1.50 during midday trading on Monday, hitting $133.99. The company had a trading volume of 109,049 shares, compared to its average volume of 709,180. The firm has a 50-day moving average price of $147.33 and a 200-day moving average price of $169.29. The company has a market capitalization of $6.02 billion, a PE ratio of 38.92, a P/E/G ratio of 0.57 and a beta of 1.68. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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 return on equity of 13.25% and a net margin of 4.30%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent analyst reports. Barclays cut their target price on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research note on Thursday. Stifel Nicolaus dropped their price target on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and an average price target of $197.67.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.99% of the stock is currently owned by corporate 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.