Castalian Partners LLC Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Castalian Partners LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,000 shares of the industrial products company's stock, valued at approximately $954,000. Chart Industries comprises about 0.5% of Castalian Partners LLC's investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC purchased a new stake in Chart Industries in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Chart Industries in the 4th quarter valued at about $34,000. Blue Trust Inc. grew its stake in Chart Industries by 56.0% during 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 during the last quarter. Finally, Spire Wealth Management grew its stake in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the last quarter.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 500 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 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 insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Stifel Nicolaus decreased their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their price target on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays decreased their price target on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $197.25.

Chart Industries Price Performance

Shares of Chart Industries stock traded up $5.50 on Friday, hitting $156.95. The company's stock had a trading volume of 688,310 shares, compared to its average volume of 713,086. The company has a market capitalization of $7.05 billion, a P/E 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. The firm has a fifty day moving average price of $143.01 and a 200-day moving average price of $169.26. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

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 (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 the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.