Bayesian Capital Management LP Increases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Bayesian Capital Management LP grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 165.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,772 shares of the industrial products company's stock after buying an additional 9,200 shares during the period. Bayesian Capital Management LP's holdings in Chart Industries were worth $2,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GTLS. Capital Analysts LLC purchased a new position in Chart Industries during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries during the 4th quarter valued at $34,000. Blue Trust Inc. increased its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Chart Industries by 183.8% during 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 period.

Analysts Set New Price Targets

A number of brokerages have issued reports on GTLS. Citigroup lifted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. TD Cowen lowered their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Barclays raised their price objective on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $201.64.

Chart Industries Stock Up 0.5 %

Shares of NYSE GTLS traded up $0.83 during trading hours on Friday, hitting $158.25. 316,877 shares of the stock were exchanged, compared to its average volume of 708,480. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a fifty day moving average price of $140.86 and a 200-day moving average price of $170.01. 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 company has a market cap of $7.11 billion, a PE ratio of 45.87, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the firm earned $1.49 EPS. The business's quarterly revenue was up 38.8% on a year-over-year basis. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction 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 completion of 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 position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 over the last 90 days. 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.