Ardsley Advisory Partners LP Makes New $3.82 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Ardsley Advisory Partners LP purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the industrial products company's stock, valued at approximately $3,817,000.

A number of other institutional investors also recently added to or reduced their stakes in GTLS. Archford Capital Strategies LLC grew its stake in Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after buying an additional 48 shares during the last quarter. Assetmark Inc. grew its position in Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. increased its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 69 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GTLS. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday. Morgan Stanley reduced their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. TD Cowen lowered their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Three 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. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of "Moderate Buy" and an average price target of $198.17.

Insider Transactions at Chart Industries

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

Chart Industries Trading Down 1.5 %

NYSE GTLS traded down $2.39 on Monday, reaching $154.35. The company had a trading volume of 439,682 shares, compared to its average volume of 710,395. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock's 50 day moving average is $142.39 and its 200-day moving average is $170.05. 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 stock has a market cap of $6.94 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 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 38.8% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. Equities analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries Company 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.