64,708 Shares in Chart Industries, Inc. (NYSE:GTLS) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,708 shares of the industrial products company's stock, valued at approximately $12,349,000. Balyasny Asset Management L.P. owned 0.15% of Chart Industries at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on GTLS. TD Cowen decreased their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. 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. Wells Fargo & Company lowered their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Finally, Citigroup boosted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Two equities research 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, the company currently has a consensus rating of "Buy" and an average price target of $201.64.

Chart Industries Stock Performance

Chart Industries stock traded up $4.46 during mid-day trading on Tuesday, reaching $175.11. The company's stock had a trading volume of 603,278 shares, compared to its average volume of 711,232. 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. The business has a 50 day moving average price of $140.79 and a 200-day moving average price of $171.27. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.49 earnings per share. The firm's revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This represents a 0.25% increase in their position. The disclosure for this purchase can be found here. Insiders bought 1,109 shares of company stock valued at $160,845 in the last ninety days. Company insiders own 0.99% of the company's stock.

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.