Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 148.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,793 shares of the industrial products company's stock after purchasing an additional 4,658 shares during the quarter. Tidal Investments LLC's holdings in Chart Industries were worth $1,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new stake in shares of Chart Industries in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 129.6% during the fourth 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 period. Fairway Wealth LLC bought a new position in Chart Industries during the 4th quarter worth about $34,000. Blue Trust Inc. lifted its position in shares of Chart Industries by 56.0% in the fourth 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, Spire Wealth Management boosted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the last quarter.

Insider Activity at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, 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. In the last ninety days, insiders bought 1,109 shares of company stock valued at $160,845. 0.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GTLS. TD Cowen dropped 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 note on Friday, May 2nd. The Goldman Sachs Group set a $180.00 target price on Chart Industries and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley decreased their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Citigroup boosted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Barclays increased their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two investment 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 MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $200.00.

Chart Industries Stock Down 1.0%

Shares of NYSE:GTLS traded down $1.58 during trading hours on Friday, hitting $157.39. The company's stock had a trading volume of 62,668 shares, compared to its average volume of 704,213. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 45.80, a P/E/G 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 52 week low of $101.60 and a 52 week high of $220.03. The firm's fifty day moving average price is $144.63 and its 200 day moving average price is $172.81.

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 analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.49 EPS. Chart Industries's revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current 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.