Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 920.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,069 shares of the industrial products company's stock after acquiring an additional 211,134 shares during the period. Frontier Capital Management Co. LLC owned 0.55% of Chart Industries worth $44,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock worth $1,813,000 after buying an additional 2,000 shares in the last quarter. Connective Portfolio Management LLC acquired a new stake in Chart Industries during the fourth quarter worth approximately $725,000. Principal Financial Group Inc. grew its stake in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. Park Avenue Securities LLC purchased a new stake in Chart Industries in the 4th quarter worth approximately $410,000. Finally, Sheets Smith Wealth Management raised its holdings in Chart Industries by 38.4% in the 4th quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company's stock valued at $2,216,000 after acquiring an additional 3,223 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty acquired 500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,109 shares of company stock valued at $160,845 in the last quarter. Company insiders own 0.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GTLS shares. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Barclays lifted their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. TD Cowen cut their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group dropped their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $201.64.

Chart Industries Stock Up 7.3%

Shares of NYSE GTLS traded up $11.64 on Monday, hitting $170.82. The company had a trading volume of 893,184 shares, compared to its average volume of 744,198. 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 12-month low of $101.60 and a 12-month high of $220.03. The firm has a market capitalization of $7.81 billion, a P/E ratio of 49.51, a PEG ratio of 0.57 and a beta of 1.69. The business has a 50 day moving average of $140.70 and a two-hundred day moving average of $170.94.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The firm had revenue of $1 billion during 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%. Chart Industries's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 EPS. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.