ProShare Advisors LLC Has $2.69 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

ProShare Advisors LLC grew its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,073 shares of the industrial products company's stock after acquiring an additional 4,117 shares during the quarter. ProShare Advisors LLC's holdings in Chart Industries were worth $2,686,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Archford Capital Strategies LLC raised its stake in shares of Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after purchasing an additional 48 shares in the last quarter. First Manhattan CO. LLC. raised its stake in shares of Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after purchasing an additional 54 shares in the last quarter. Assetmark Inc. raised its stake in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares in the last quarter.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now owns 137,666 shares of the company's stock, valued at $20,698,083.10. This trade represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda S. Harty purchased 500 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of 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 position. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GTLS shares. Citigroup upped their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Stifel Nicolaus dropped their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their price target on 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, TD Cowen dropped their price target 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $199.36.

Chart Industries Price Performance

NYSE:GTLS traded down $0.76 during trading hours on Friday, hitting $158.03. The company's stock had a trading volume of 291,727 shares, compared to its average volume of 707,016. The stock has a fifty day simple moving average of $144.40 and a 200-day simple moving average of $172.99. The company has a market capitalization of $7.22 billion, a P/E ratio of 45.81, a PEG ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries's revenue was up 38.8% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.