Cetera Investment Advisers Buys 2,597 Shares of Chart Industries, Inc. (NYSE:GTLS)

Cetera Investment Advisers lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,451 shares of the industrial products company's stock after buying an additional 2,597 shares during the quarter. Cetera Investment Advisers' holdings in Chart Industries were worth $1,613,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GTLS. Park Avenue Securities LLC bought a new position in Chart Industries during the fourth quarter worth $410,000. Ameritas Advisory Services LLC bought a new position in Chart Industries during the fourth quarter worth $211,000. Enclave Advisors LLC bought a new position in Chart Industries during the fourth quarter worth $229,000. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock worth $1,813,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in Chart Industries by 38.4% during the fourth quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company's stock worth $2,216,000 after acquiring an additional 3,223 shares in the last quarter.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent research 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. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. TD Cowen dropped their price objective 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. The Goldman Sachs Group dropped their price objective 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. Finally, Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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, the company currently has an average rating of "Buy" and an average target price of $199.36.

Chart Industries Stock Down 0.5%

Shares of GTLS traded down $0.76 during trading hours on Monday, reaching $158.03. 291,727 shares of the stock traded hands, compared to its average volume of 708,814. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $144.46 and a 200 day simple moving average of $173.04. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 0.57 and a beta of 1.69.

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

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares of the company's stock, valued at approximately $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly 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 90 days, insiders purchased 1,109 shares of company stock worth $160,845. Insiders own 0.99% of the company's stock.

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.