Lighthouse Investment Partners LLC Buys New Shares in Chart Industries, Inc. (NYSE:GTLS)

Lighthouse Investment Partners LLC acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the industrial products company's stock, valued at approximately $1,908,000.

A number of other hedge funds have also recently added to or reduced their stakes in GTLS. Wolf Hill Capital Management LP bought a new stake in Chart Industries during the 4th quarter worth about $101,121,000. Norges Bank acquired a new position in Chart Industries during the 4th quarter valued at about $88,609,000. Dimensional Fund Advisors LP lifted its position in 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 purchasing an additional 291,520 shares during the period. Keybank National Association OH lifted its position in Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock valued at $47,087,000 after purchasing an additional 244,378 shares during the period. Finally, Engaged Capital LLC acquired a new position in Chart Industries during the 4th quarter valued at about $42,900,000.

Chart Industries Stock Up 0.8%

NYSE GTLS traded up $1.31 during trading hours on Friday, reaching $171.66. 367,596 shares of the company's stock were exchanged, compared to its average volume of 707,692. The company's 50-day moving average is $142.95 and its two-hundred day moving average is $171.97. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 49.76, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the business earned $1.49 EPS. Chart Industries's revenue for the quarter was up 38.8% compared to the same quarter last year. On average, analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares of the company's stock, valued at approximately $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the 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 completion of the acquisition, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. The trade was a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock valued at $160,845 in the last ninety days. 0.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GTLS. Wells Fargo & Company cut their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley cut their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday. Citigroup upped their target price 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. The Goldman Sachs Group cut their target price on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Stifel Nicolaus cut 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 report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $199.36.

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.