Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,509 shares of the industrial products company's stock after buying an additional 3,666 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of Chart Industries worth $6,014,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GTLS. Smartleaf Asset Management LLC lifted its position in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC purchased a new position in Chart Industries during the fourth quarter valued at $34,000. Blue Trust Inc. boosted its holdings in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management grew its stake in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of 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 during the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group lowered their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays boosted their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research note on Monday. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $201.64.

Chart Industries Trading Up 0.5 %

Shares of Chart Industries stock traded up $0.83 on Friday, reaching $158.25. The company had a trading volume of 169,808 shares, compared to its average volume of 707,912. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 45.87, a P/E/G ratio of 0.57 and a beta of 1.69. The firm's 50-day moving average price is $140.86 and its two-hundred day moving average price is $170.01.

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 for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $1.49 EPS. The firm's revenue for the quarter was up 38.8% on a year-over-year basis. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price 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. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired 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 owns 475 shares of the company's stock, valued at $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. Insiders acquired a total of 1,109 shares of company stock worth $160,845 in the last quarter. 0.99% of the stock is owned by company insiders.

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.