Swiss National Bank Has $16.07 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Swiss National Bank grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,200 shares of the industrial products company’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank’s holdings in Chart Industries were worth $16,069,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Wellington Management Group LLP grew its position in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the last quarter. Keybank National Association OH grew its position in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $35,543,000. Braun Stacey Associates Inc. acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $16,631,000. Finally, WCM Investment Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at about $16,239,000.

Insider Transactions at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by insiders.

Chart Industries Stock Down 1.2 %

GTLS opened at $149.89 on Wednesday. The firm’s 50-day simple moving average is $189.50 and its 200-day simple moving average is $166.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GTLS shares. Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays increased their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Wells Fargo & Company reduced their target price 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. Finally, The Goldman Sachs Group increased their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.08.

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.