Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,418 shares of the industrial products company's stock after purchasing an additional 4,015 shares during the period. Pinebridge Investments L.P.'s holdings in Chart Industries were worth $2,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% in the fourth 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 last quarter. Fairway Wealth LLC acquired a new position in Chart Industries during the fourth quarter worth about $34,000. Blue Trust Inc. grew its stake in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management raised its holdings in 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 acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares in the last quarter.

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty acquired 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought 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 of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now 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 position. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 over the last three months. Insiders own 0.99% of the company's stock.

Chart Industries Stock Up 4.0 %

Chart Industries stock traded up $5.98 during mid-day trading on Friday, reaching $157.43. 362,891 shares of the company's stock were exchanged, compared to its average volume of 712,144. The company has a fifty day moving average of $143.45 and a 200-day moving average of $169.04. The company has a market cap of $7.07 billion, a P/E ratio of 45.62, a P/E/G ratio of 0.57 and a beta of 1.68. 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 twelve month low of $101.60 and a twelve month high of $220.03.

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 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 company 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. Chart Industries's revenue was up 38.8% on a year-over-year basis. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of analyst reports. TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday. Barclays cut their price objective on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus decreased their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Chart Industries presently has an average rating of "Moderate Buy" and an average target price of $197.25.

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.