NBC Securities Inc. Purchases 4,310 Shares of Chart Industries, Inc. (NYSE:GTLS)

NBC Securities Inc. grew its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 86,200.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,315 shares of the industrial products company's stock after acquiring an additional 4,310 shares during the quarter. NBC Securities Inc.'s holdings in Chart Industries were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GTLS. Vanguard Group Inc. grew its stake in Chart Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after acquiring an additional 59,889 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Chart Industries by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company's stock valued at $307,046,000 after purchasing an additional 35,004 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after purchasing an additional 291,520 shares in the last quarter. Northern Trust Corp grew its position in shares of Chart Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock valued at $122,051,000 after purchasing an additional 121,259 shares during the period. Finally, Wolf Hill Capital Management LP acquired a new position in shares of Chart Industries in the 4th quarter valued at approximately $101,121,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GTLS shares. TD Cowen lowered their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Morgan Stanley dropped their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company decreased 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. 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 report on Tuesday, April 22nd. Finally, Barclays lifted their target price on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Two investment 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $200.00.

Chart Industries Stock Performance

NYSE GTLS traded up $6.03 during trading on Friday, reaching $152.22. The company's stock had a trading volume of 1,317,093 shares, compared to its average volume of 737,121. The firm has a 50 day moving average price of $144.70 and a 200 day moving average price of $172.27. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 44.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. 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 (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The firm's revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price 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. The trade was a 58.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda S. Harty purchased 500 shares of Chart Industries stock in a transaction dated 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 completion of the purchase, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 759 shares of company stock worth $108,223. Company insiders own 0.99% of the company's stock.

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.