King Luther Capital Management Corp Buys 29,139 Shares of Chart Industries, Inc. (NYSE:GTLS)

King Luther Capital Management Corp raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,031,897 shares of the industrial products company’s stock after purchasing an additional 29,139 shares during the period. King Luther Capital Management Corp’s holdings in Chart Industries were worth $128,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries in the first quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the third quarter worth about $34,000. Byrne Asset Management LLC purchased a new position in Chart Industries during the second quarter worth about $40,000. UMB Bank n.a. boosted its holdings in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the last quarter. Finally, Ecofi Investissements SA purchased a new position in Chart Industries during the second quarter worth about $50,000.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Bank of America dropped their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus increased their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Down 0.3 %

NYSE:GTLS opened at $168.56 on Thursday. The firm has a 50-day simple moving average of $133.99 and a two-hundred day simple moving average of $138.38. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $176.16. The firm has a market cap of $7.22 billion, a P/E ratio of 48.86, a P/E/G ratio of 0.87 and a beta of 1.71. 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 (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $1.28 EPS. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock worth $482,278 in the last quarter. 0.95% of the stock is owned by corporate insiders.

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.