Deutsche Bank AG Boosts Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Deutsche Bank AG raised its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 46.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,444 shares of the industrial products company's stock after acquiring an additional 55,293 shares during the quarter. Deutsche Bank AG owned approximately 0.41% of Chart Industries worth $33,100,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Wolf Hill Capital Management LP purchased a new position in Chart Industries in the 4th quarter worth about $101,121,000. Norges Bank purchased a new position in Chart Industries in the 4th quarter worth approximately $88,609,000. Dimensional Fund Advisors LP lifted its position in shares of Chart Industries by 37.7% during the fourth 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 in the last quarter. Keybank National Association OH raised its position in 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 purchasing an additional 244,378 shares during the last quarter. Finally, Engaged Capital LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth approximately $42,900,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research reports. Barclays upped their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wells Fargo & Company lowered their target price 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. Citigroup lifted their target price 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. TD Cowen cut their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Buy" and an average price target of $199.36.

Chart Industries Stock Performance

NYSE:GTLS traded down $3.92 during mid-day trading on Monday, reaching $167.94. 38,724 shares of the stock were exchanged, compared to its average volume of 705,905. The company has a 50 day simple moving average of $142.95 and a 200-day simple moving average of $172.67. The stock has a market capitalization of $7.67 billion, a P/E ratio of 48.68, a P/E/G ratio of 0.57 and a beta of 1.69. 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, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business's revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost 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 approximately $1,645,691.40. This trade represents a 4.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jillian C. Evanko acquired 350 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly 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. Over the last quarter, insiders have acquired 1,109 shares of company stock worth $160,845. 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.