Rhumbline Advisers Buys 2,349 Shares of Chart Industries, Inc. (NYSE:GTLS)

Rhumbline Advisers raised its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,571 shares of the industrial products company's stock after acquiring an additional 2,349 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Chart Industries worth $19,571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC grew its position in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares during the last quarter. Engaged Capital LLC acquired a new position in Chart Industries in the fourth quarter worth $42,900,000. Nkcfo LLC bought a new stake in shares of Chart Industries during the fourth quarter worth $668,000. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 59,889 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Chart Industries in the fourth quarter valued at about $16,239,000.

Analyst Ratings Changes

GTLS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Barclays upped their price objective on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Morgan Stanley lowered their target price on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, TD Cowen dropped their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $200.00.

Chart Industries Trading Down 1.7%

Shares of NYSE:GTLS traded down $2.62 during midday trading on Tuesday, hitting $147.39. The company had a trading volume of 991,504 shares, compared to its average volume of 744,303. 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 fifty day simple moving average of $145.24 and a 200 day simple moving average of $171.74. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 42.72, 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, topping analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. On average, analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity at Chart Industries

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 stock was purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.