Driehaus Capital Management LLC Makes New $36.55 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Driehaus Capital Management LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 191,495 shares of the industrial products company's stock, valued at approximately $36,545,000. Driehaus Capital Management LLC owned 0.45% of Chart Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Analysts LLC bought a new stake in Chart Industries in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC lifted its position 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 in the last quarter. Fairway Wealth LLC bought a new stake in Chart Industries in the 4th quarter valued at $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Finally, Spire Wealth Management lifted its position in Chart Industries by 183.8% in the 4th 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 in the last quarter.

Chart Industries Stock Performance

Chart Industries stock traded up $1.65 during trading hours on Friday, hitting $159.07. The company had a trading volume of 483,258 shares, compared to its average volume of 710,934. The firm has a market cap of $7.27 billion, a PE 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 current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a 50-day moving average of $140.70 and a 200 day moving average of $170.94.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The firm 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 was up 38.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gerald F. Vinci purchased 175 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. This represents a 58.33% 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 valued at $160,845 in the last three months. 0.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group cut their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. 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 research report on Tuesday, April 22nd. Finally, TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two 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. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $201.64.

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.