Clearline Capital LP Invests $2.48 Million in Chart Industries, Inc. (NYSE:GTLS)

Clearline Capital LP purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,971 shares of the industrial products company's stock, valued at approximately $2,475,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archford Capital Strategies LLC raised its stake in Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 48 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after buying an additional 64 shares during the period. Blue Trust Inc. boosted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Lindbrook Capital LLC boosted its position in Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after acquiring an additional 69 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised 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 acquiring an additional 92 shares during the last quarter.

Insider Activity

In related news, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The shares were bought 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 in the company, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last ninety days. Corporate insiders own 0.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen dropped their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Barclays lifted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Citigroup increased their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lowered their price target on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. 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. According to data from MarketBeat.com, Chart Industries has an average rating of "Buy" and a consensus price target of $201.64.

Chart Industries Stock Up 1.0 %

Shares of NYSE:GTLS traded up $1.65 during mid-day trading on Friday, hitting $159.07. 483,258 shares of the company traded hands, compared to its average volume of 710,934. The firm's 50 day simple moving average is $140.70 and its 200 day simple moving average is $170.61. The firm has a market cap of $7.27 billion, a P/E ratio of 46.11, a PEG ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. 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 posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 earnings per share. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Chart Industries Company 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.