1,759 Shares in Chart Industries, Inc. (NYSE:GTLS) Purchased by Optimize Financial Inc

Optimize Financial Inc acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,759 shares of the industrial products company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in shares of Chart Industries by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 12,645 shares of the industrial products company’s stock worth $1,567,000 after purchasing an additional 177 shares during the period. National Bank of Canada FI lifted its position in Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after buying an additional 5,181 shares during the last quarter. MML Investors Services LLC boosted its stake in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares during the period. M&T Bank Corp purchased a new position in Chart Industries during the third quarter worth $231,000. Finally, Geode Capital Management LLC increased its position in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GTLS. BTIG Research raised their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Stifel Nicolaus raised their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Barclays cut their target price on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Thursday. TD Cowen raised their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company cut their price objective 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. Three investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.42.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko purchased 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company’s stock.

Chart Industries Price Performance

Shares of GTLS stock opened at $124.96 on Friday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $161.53 and a two-hundred day simple moving average of $168.72. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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 net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.