Shell Asset Management Co. Acquires 26,430 Shares of Chart Industries, Inc. (NYSE:GTLS)

Shell Asset Management Co. boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1,084.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,867 shares of the industrial products company's stock after buying an additional 26,430 shares during the period. Shell Asset Management Co. owned about 0.07% of Chart Industries worth $5,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Analysts LLC bought a new position in shares of Chart Industries during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new position in shares of Chart Industries during the 4th quarter valued at $34,000. Blue Trust Inc. grew its holdings in Chart Industries by 56.0% during 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 during the last quarter. Finally, Spire Wealth Management grew its holdings in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 125 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on GTLS. Morgan Stanley lowered their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday. The Goldman Sachs Group lowered their price target on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays increased their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $199.36.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.99% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

GTLS traded down $2.43 during trading hours on Monday, reaching $169.43. The company's stock had a trading volume of 368,855 shares, compared to its average volume of 707,146. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The company's 50-day moving average is $143.42 and its 200-day moving average is $172.95. 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 firm has a market cap of $7.74 billion, a PE ratio of 49.11, 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 quarterly earnings data 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. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 EPS. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.