Teza Capital Management LLC Boosts Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Teza Capital Management LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 104.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,826 shares of the industrial products company's stock after acquiring an additional 4,504 shares during the quarter. Teza Capital Management LLC's holdings in Chart Industries were worth $1,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Wolf Hill Capital Management LP bought a new position in Chart Industries in the 4th quarter worth about $101,121,000. Norges Bank bought a new position in Chart Industries in the 4th quarter worth about $88,609,000. Dimensional Fund Advisors LP boosted its stake in Chart Industries by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares during the period. Keybank National Association OH boosted its stake in Chart Industries by 10,372.6% in the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock worth $47,087,000 after purchasing an additional 244,378 shares during the period. Finally, Engaged Capital LLC bought a new position in Chart Industries in the 4th quarter worth about $42,900,000.

Chart Industries Price Performance

Shares of NYSE GTLS traded down $0.76 during trading hours on Friday, reaching $158.03. 291,727 shares of the stock traded hands, compared to its average volume of 708,814. The company has a market capitalization of $7.22 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company's 50-day simple moving average is $144.40 and its two-hundred day simple moving average is $173.04.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm earned $1.49 EPS. The business's quarterly revenue was up 38.8% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity

In other news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were bought 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 directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,109 shares of company stock valued at $160,845. Company insiders own 0.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen cut their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Morgan Stanley cut 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. Stifel Nicolaus dropped their price target 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, Wells Fargo & Company dropped their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $199.36.

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.