Dimensional Fund Advisors LP Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Dimensional Fund Advisors LP increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 37.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064,637 shares of the industrial products company's stock after purchasing an additional 291,520 shares during the quarter. Dimensional Fund Advisors LP owned 2.49% of Chart Industries worth $203,178,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Chart Industries by 129.6% in the fourth 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 during the last quarter. Fairway Wealth LLC acquired a new position in shares of Chart Industries during the 4th quarter worth about $34,000. Blue Trust Inc. raised its position 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 worth $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management lifted its stake in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 69 shares in the last quarter.

Chart Industries Price Performance

NYSE:GTLS traded down $0.98 during mid-day trading on Monday, hitting $134.51. 73,683 shares of the company's stock traded hands, compared to its average volume of 709,033. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a market cap of $6.04 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The firm's 50 day simple moving average is $147.33 and its 200 day simple moving average is $169.29. 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 issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $2.25 earnings per share. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity at Chart Industries

In other news, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares of the company's stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty purchased 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock valued at $160,845 over the last quarter. Insiders own 0.99% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GTLS. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company reduced their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Barclays dropped their price target on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley reduced their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $197.67.

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.