First Trust Advisors LP Raises Holdings in Chart Industries, Inc. (NYSE:GTLS)

First Trust Advisors LP raised its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,372 shares of the industrial products company's stock after acquiring an additional 2,616 shares during the quarter. First Trust Advisors LP's holdings in Chart Industries were worth $2,361,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after acquiring an additional 291,520 shares during the period. Farringdon Capital Ltd. acquired a new stake in Chart Industries in the fourth quarter valued at approximately $406,000. AGP Franklin LLC acquired a new stake in Chart Industries in the fourth quarter valued at approximately $1,659,000. Guggenheim Capital LLC raised its stake in shares of Chart Industries by 10.6% during the 4th quarter. Guggenheim Capital LLC now owns 3,949 shares of the industrial products company's stock worth $754,000 after buying an additional 378 shares during the period. Finally, Mariner LLC raised its stake in shares of Chart Industries by 35.5% during the 4th quarter. Mariner LLC now owns 6,259 shares of the industrial products company's stock worth $1,194,000 after buying an additional 1,640 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus decreased their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. The Goldman Sachs Group reduced their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $201.64.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, for a total transaction 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 represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price 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 trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock valued at $160,845 in the last 90 days. Company insiders own 0.99% of the company's stock.

Chart Industries Trading Up 1.0 %

Shares of GTLS stock traded up $1.65 on Friday, hitting $159.07. The stock had a trading volume of 483,258 shares, compared to its average volume of 710,934. The company's 50 day moving average price is $140.70 and its 200-day moving average price is $170.61. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market capitalization of $7.15 billion, a P/E ratio of 46.11, a P/E/G ratio of 0.57 and a beta of 1.69.

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, topping 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm earned $1.49 earnings per share. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

About Chart Industries

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.