Axa S.A. Raises Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Axa S.A. grew its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,527 shares of the industrial products company's stock after purchasing an additional 32,275 shares during the quarter. Axa S.A. owned 0.44% of Chart Industries worth $35,978,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Wolf Hill Capital Management LP purchased a new position in Chart Industries in the 4th quarter valued at approximately $101,121,000. Norges Bank purchased a new stake in Chart Industries during the 4th quarter worth about $88,609,000. Dimensional Fund Advisors LP increased its holdings in Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Keybank National Association OH boosted its stake in shares of Chart Industries by 10,372.6% in the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after buying an additional 244,378 shares during the period. Finally, Engaged Capital LLC acquired a new position in shares of Chart Industries during the fourth quarter worth about $42,900,000.

Analyst Upgrades and Downgrades

GTLS has been the subject of several analyst reports. Barclays lowered their price target on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company dropped their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Morgan Stanley decreased their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chart Industries presently has an average rating of "Moderate Buy" and an average target price of $197.25.

Insider Transactions at Chart Industries

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

Chart Industries Stock Performance

Shares of GTLS stock opened at $156.95 on Friday. The stock's 50-day moving average price is $143.01 and its 200 day moving average price is $169.55. 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 capitalization of $7.05 billion, a PE ratio of 45.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company posted $1.49 EPS. Chart Industries's revenue was up 38.8% compared to the same quarter last year. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.

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