Cascade Investment Advisors Inc. Buys Shares of 8,200 Chart Industries, Inc. (NYSE:GTLS)

Cascade Investment Advisors Inc. acquired a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,200 shares of the industrial products company's stock, valued at approximately $1,184,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after acquiring an additional 59,889 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Chart Industries by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after acquiring an additional 35,004 shares during the period. Dimensional Fund Advisors LP raised its stake in Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after acquiring an additional 291,520 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Chart Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after purchasing an additional 121,259 shares during the period. Finally, Wolf Hill Capital Management LP acquired a new stake in Chart Industries during the 4th quarter valued at approximately $101,121,000.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction on Thursday, March 6th. The shares were bought 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 directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares of the company's stock, valued at $1,645,691.40. This represents a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 in the last quarter. 0.99% of the stock is currently owned by company insiders.

Chart Industries Price Performance

Shares of NYSE GTLS traded up $6.58 during midday trading on Tuesday, hitting $161.71. The company had a trading volume of 479,749 shares, compared to its average volume of 706,485. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $144.51 and a two-hundred day simple moving average of $172.66. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 46.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

GTLS has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley reduced their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. TD Cowen lowered their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Citigroup increased their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $200.00.

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.