Avantax Advisory Services Inc. Acquires 3,789 Shares of Chart Industries, Inc. (NYSE:GTLS)

Avantax Advisory Services Inc. raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 130.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,698 shares of the industrial products company’s stock after purchasing an additional 3,789 shares during the period. Avantax Advisory Services Inc.’s holdings in Chart Industries were worth $1,278,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake 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 buying an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 65 shares in the last quarter. Spire Wealth Management raised its position in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted 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.

Chart Industries Stock Down 1.2 %

Shares of GTLS stock opened at $149.89 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market cap of $6.85 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a 50 day simple moving average of $189.50 and a two-hundred day simple moving average of $166.30.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business posted $2.25 earnings per share. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity

In other Chart Industries news, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the purchase, the vice president now 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. Insiders have purchased a total of 1,109 shares of company stock valued at $160,845 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Citigroup boosted their price objective 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. TD Cowen lifted their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays upped their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Stifel Nicolaus lifted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

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.