Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 90.9% in the third quarter, Holdings Channel.com reports. The fund owned 551,482 shares of the industrial products company’s stock after acquiring an additional 262,592 shares during the quarter. Wellington Management Group LLP’s holdings in Chart Industries were worth $68,461,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Chart Industries in the second quarter valued at approximately $40,000. Ecofi Investissements SA purchased a new stake in shares of Chart Industries in the second quarter valued at approximately $50,000. Finally, Mendota Financial Group LLC grew its position in shares of Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Stifel Nicolaus upped their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. 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, December 2nd. Craig Hallum increased their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Trading Up 0.5 %

GTLS opened at $192.08 on Wednesday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The business has a fifty day simple moving average of $153.36 and a 200-day simple moving average of $141.68. The firm has a market cap of $8.22 billion, a P/E ratio of 55.68, a P/E/G ratio of 0.98 and a beta of 1.86. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

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

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 6,212 shares of company stock worth $378,707 over the last ninety days. Company insiders own 0.95% of the company’s stock.

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.