Chart Industries, Inc. (NYSE:GTLS) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,600 shares of the industrial products company’s stock after acquiring an additional 130 shares during the period. Caprock Group LLC’s holdings in Chart Industries were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC acquired a new stake in Chart Industries during the 1st quarter valued at $30,000. Spire Wealth Management raised its stake in Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Cape Investment Advisory Inc. acquired a new stake in Chart Industries during the 4th quarter valued at $33,000. Rise Advisors LLC raised its stake in Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Chart Industries during the 2nd quarter valued at $40,000.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the purchase, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,940 shares of company stock worth $217,071. Company insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

GTLS has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $199.00 target price on shares of Chart Industries in a research note on Monday, August 26th. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Craig Hallum dropped their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Bank of America upped their price target on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $187.46.

Chart Industries Price Performance

NYSE GTLS opened at $114.98 on Friday. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $177.21. The stock’s 50-day moving average is $132.10 and its two-hundred day moving average is $143.81. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm has a market cap of $4.92 billion, a P/E ratio of 114.98, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business earned $1.19 earnings per share. Chart Industries’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts anticipate that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

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.