Harvey Partners LLC Has $10.09 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Harvey Partners LLC lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 34.7% during the third quarter, Holdings Channel.com reports. The fund owned 81,250 shares of the industrial products company’s stock after selling 43,250 shares during the period. Harvey Partners LLC’s holdings in Chart Industries were worth $10,086,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries during the third quarter valued at about $34,000. UMB Bank n.a. raised its holdings in Chart Industries by 418.0% in 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 in the last quarter. Byrne Asset Management LLC bought a new stake in shares of Chart Industries in the second quarter worth approximately $40,000. Ecofi Investissements SA purchased a new position in shares of Chart Industries during the 2nd quarter valued at $50,000. Finally, Mendota Financial Group LLC grew its position in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares in the last quarter.

Chart Industries Trading Up 0.1 %

Shares of NYSE GTLS opened at $193.40 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91. The business’s 50 day moving average is $143.84 and its two-hundred day moving average is $139.86. The stock has a market capitalization of $8.28 billion, a P/E ratio of 56.06, a PEG ratio of 0.99 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. As a group, research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus boosted their price objective 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. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Raymond James restated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by 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.