Chart Industries, Inc. (NYSE:GTLS) is Soviero Asset Management LP's 9th Largest Position

Soviero Asset Management LP increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the industrial products company's stock after purchasing an additional 3,000 shares during the period. Chart Industries accounts for 3.1% of Soviero Asset Management LP's investment portfolio, making the stock its 9th largest holding. Soviero Asset Management LP owned 0.06% of Chart Industries worth $4,962,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $34,000. Blue Trust Inc. lifted its stake in shares of Chart Industries by 56.0% in 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 during the period. Finally, Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after acquiring an additional 125 shares during the period.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays raised their target price on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. The Goldman Sachs Group cut their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $199.36.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average price 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 represents a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,109 shares of company stock worth $160,845. Insiders own 0.99% of the company's stock.

Chart Industries Price Performance

NYSE:GTLS traded down $0.76 during mid-day trading on Friday, hitting $158.03. 291,727 shares of the company's stock traded hands, compared to its average volume of 707,016. 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 $7.22 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The firm's 50 day simple moving average is $144.40 and its 200 day simple moving average is $172.99. 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 announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion during 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 firm's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 earnings per share. Sell-side analysts expect 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.