Engaged Capital LLC Makes New $42.90 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Engaged Capital LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 224,796 shares of the industrial products company's stock, valued at approximately $42,900,000. Chart Industries comprises 8.8% of Engaged Capital LLC's holdings, making the stock its 7th biggest holding. Engaged Capital LLC owned approximately 0.53% of Chart Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC grew its position in Chart Industries by 4.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 262,073 shares of the industrial products company's stock valued at $50,014,000 after purchasing an additional 10,251 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Chart Industries by 5.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,618 shares of the industrial products company's stock valued at $500,000 after acquiring an additional 138 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of Chart Industries during the 4th quarter valued at about $25,000. Beck Capital Management LLC lifted its stake in shares of Chart Industries by 9.7% in the 4th quarter. Beck Capital Management LLC now owns 30,319 shares of the industrial products company's stock worth $5,786,000 after purchasing an additional 2,693 shares during the period. Finally, Long Focus Capital Management LLC bought a new position in shares of Chart Industries in the 4th quarter worth approximately $10,496,000.

Chart Industries Price Performance

GTLS traded up $14.48 during trading on Thursday, hitting $149.46. The company's stock had a trading volume of 670,146 shares, compared to its average volume of 711,673. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 43.62, a P/E/G ratio of 0.57 and a beta of 1.68. The business's fifty day simple moving average is $144.08 and its 200 day simple moving average is $168.87. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data 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. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.49 earnings per share. The firm's revenue was up 38.8% compared to the same quarter last year. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci acquired 175 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company's stock, 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 acquired 1,109 shares of company stock worth $160,845 over the last three months. Company insiders own 0.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective 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. 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 research note on Thursday, April 24th. Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.67.

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.