Lansforsakringar Fondforvaltning AB publ Acquires Shares of 36,245 Chart Industries, Inc. (NYSE:GTLS)

Lansforsakringar Fondforvaltning AB publ bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 36,245 shares of the industrial products company's stock, valued at approximately $6,917,000. Lansforsakringar Fondforvaltning AB publ owned about 0.08% of Chart Industries at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Chart Industries during the 4th quarter valued at about $11,498,000. Neo Ivy Capital Management acquired a new position in shares of Chart Industries during the 4th quarter valued at about $1,783,000. Hudson Value Partners LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at about $1,286,000. GTS Securities LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at about $252,000. Finally, Castleark Management LLC increased its holdings in shares of Chart Industries by 53.1% during the 4th quarter. Castleark Management LLC now owns 36,220 shares of the industrial products company's stock valued at $6,912,000 after acquiring an additional 12,560 shares during the last quarter.

Chart Industries Stock Performance

GTLS traded down $1.97 during midday trading on Friday, reaching $157.00. The company's stock had a trading volume of 427,934 shares, compared to its average volume of 707,355. The company has a fifty day simple moving average of $144.55 and a 200 day simple moving average of $172.71. 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 twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market cap of $7.17 billion, a P/E ratio of 45.51, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company 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 earned $1.49 EPS. The company's quarterly revenue was up 38.8% on a year-over-year basis. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GTLS. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a report on Wednesday. Morgan Stanley lowered their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. TD Cowen lowered their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus lowered their price objective 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, Wells Fargo & Company lowered their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Two equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $200.00.

Insiders Place Their Bets

In other news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now owns 11,684 shares of the company's stock, valued at $1,645,691.40. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through 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 shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,109 shares of company stock worth $160,845. 0.99% of the stock is currently owned by company 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.