Castleark Management LLC Has $6.91 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Castleark Management LLC raised its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,220 shares of the industrial products company's stock after purchasing an additional 12,560 shares during the period. Castleark Management LLC owned about 0.08% of Chart Industries worth $6,912,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital Analysts LLC acquired a new position in Chart Industries in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC increased its position in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new position in Chart Industries during the fourth quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the period. Finally, Spire Wealth Management boosted its holdings 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 valued at $37,000 after purchasing an additional 125 shares during the last quarter.

Chart Industries Stock Down 0.5%

Shares of Chart Industries stock traded down $0.76 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 quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm's 50-day moving average is $144.40 and its 200 day moving average is $172.99. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market cap of $7.22 billion, a P/E ratio of 45.81, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.02 billion. During the same period in the prior year, the company earned $1.49 earnings per share. The firm's revenue was up 38.8% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on GTLS. Citigroup upped their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Morgan Stanley reduced their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Stifel Nicolaus reduced their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays boosted their target price on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. 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. According to MarketBeat.com, Chart Industries presently has an average rating of "Buy" and a consensus price target of $199.36.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock valued at $160,845 in the last three months. 0.99% of the stock is currently owned by corporate insiders.

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.