GAMMA Investing LLC Grows Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

GAMMA Investing LLC raised its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 31,455.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,337 shares of the industrial products company's stock after purchasing an additional 182,756 shares during the quarter. GAMMA Investing LLC owned 0.40% of Chart Industries worth $26,467,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GTLS. Blue Trust Inc. lifted its holdings 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 last quarter. Caprock Group LLC acquired a new position in Chart Industries during the fourth quarter worth $416,000. Spire Wealth Management lifted its stake in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Chart Industries by 18.4% during the fourth quarter. Jennison Associates LLC now owns 92,776 shares of the industrial products company's stock worth $17,705,000 after buying an additional 14,435 shares during the period. Finally, Choreo LLC grew its stake in shares of Chart Industries by 2.4% in the fourth quarter. Choreo LLC now owns 4,292 shares of the industrial products company's stock valued at $818,000 after buying an additional 102 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen decreased their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley dropped 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. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus decreased their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup raised their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of "Buy" and a consensus price target of $200.00.

Chart Industries Price Performance

Shares of GTLS traded up $6.03 during trading hours on Friday, reaching $152.22. The company had a trading volume of 1,317,093 shares, compared to its average volume of 737,121. 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, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm has a 50 day simple moving average of $144.70 and a 200-day simple moving average of $172.27. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 0.57 and a beta of 1.71.

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 (EPS) for the quarter, beating 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 period last year, the company posted $1.49 earnings per share. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty acquired 500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gerald F. Vinci bought 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33% increase in their position. The disclosure for this purchase can be found here. Insiders bought 759 shares of company stock valued at $108,223 in the last 90 days. 0.99% of the stock is currently owned by insiders.

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.