Mercer Global Advisors Inc. ADV Has $1.23 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 244.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,464 shares of the industrial products company's stock after purchasing an additional 4,589 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Chart Industries were worth $1,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Analysts LLC acquired a new stake in Chart Industries during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC lifted 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 worth $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC bought a new stake in shares of Chart Industries during the fourth quarter valued at approximately $34,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 65 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS traded down $3.37 during trading on Thursday, reaching $172.13. The company had a trading volume of 163,615 shares, compared to its average volume of 734,155. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week 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 business's 50 day moving average price is $141.92 and its 200-day moving average price is $171.32. The stock has a market cap of $7.87 billion, a PE ratio of 49.89, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price 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. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley dropped their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Barclays boosted their target price on shares of Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group dropped their target price 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 analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given 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 purchased 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This trade represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following 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 disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,109 shares of company stock worth $160,845. Company insiders own 0.99% of the company's stock.

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.