Interval Partners LP Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Interval Partners LP bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,931 shares of the industrial products company's stock, valued at approximately $750,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Capital Analysts LLC acquired a new position in shares of Chart Industries during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new position in Chart Industries in the fourth quarter valued at approximately $34,000. Blue Trust Inc. lifted its stake in Chart Industries by 56.0% during 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 during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 125 shares during the last quarter.

Chart Industries Stock Up 0.8%

GTLS stock traded up $1.31 during mid-day trading on Friday, reaching $171.66. 367,596 shares of the company traded hands, compared to its average volume of 706,708. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm's 50 day moving average price is $142.47 and its 200 day moving average price is $171.63. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 49.76, a P/E/G ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the firm earned $1.49 EPS. The company's quarterly revenue was up 38.8% compared to the same quarter last year. As a group, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci purchased 175 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty bought 500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last quarter. 0.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company dropped their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Chart Industries has a consensus rating of "Buy" and a consensus target price of $199.36.

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.