Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,454 shares of the industrial products company's stock after acquiring an additional 18,182 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.46% of Chart Industries worth $37,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Chart Industries by 2.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,476 shares of the industrial products company's stock valued at $10,587,000 after acquiring an additional 1,133 shares in the last quarter. Archford Capital Strategies LLC increased its stake in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after buying an additional 48 shares during the period. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. KBC Group NV lifted its stake in Chart Industries by 54.0% in the fourth quarter. KBC Group NV now owns 1,769 shares of the industrial products company's stock worth $338,000 after acquiring an additional 620 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at approximately $205,000.

Analyst Ratings Changes

A number of research firms have weighed in on GTLS. Wells Fargo & Company cut their price target 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. Morgan Stanley decreased 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. TD Cowen dropped their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays upped their target price on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $199.36.

Chart Industries Stock Performance

GTLS traded down $0.66 during trading on Wednesday, hitting $161.48. The stock had a trading volume of 272,632 shares, compared to its average volume of 706,845. The firm has a market capitalization of $7.38 billion, a P/E ratio of 46.81, a PEG ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company's 50-day moving average price is $144.59 and its 200 day moving average price is $172.97.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The firm's quarterly revenue was up 38.8% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gerald F. Vinci purchased 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.99% of the stock is currently owned by insiders.

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.