Raiffeisen Bank International AG Buys Shares of 14,500 Chart Industries, Inc. (NYSE:GTLS)

Raiffeisen Bank International AG purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,500 shares of the industrial products company's stock, valued at approximately $2,764,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Archford Capital Strategies LLC increased its holdings in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 48 shares during the period. First Manhattan CO. LLC. increased its stake in Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock valued at $340,000 after buying an additional 54 shares during the period. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. raised its position in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake 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 acquiring an additional 69 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective 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. Citigroup raised their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Barclays upped their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Morgan Stanley reduced their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Finally, Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $199.36.

Chart Industries Stock Performance

GTLS stock traded down $6.94 during trading hours on Wednesday, reaching $160.14. The stock had a trading volume of 156,949 shares, compared to its average volume of 704,681. The stock has a 50-day simple moving average of $143.91 and a 200 day simple moving average of $172.90. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock has a market capitalization of $7.32 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. 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 (NYSE:GTLS - Get Free Report) last issued 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. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity

In other Chart Industries news, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,109 shares of company stock worth $160,845. 0.99% of the stock is currently owned by company insiders.

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.