27,600 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by Atika Capital Management LLC

Atika Capital Management LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, Holdings Channel reports. The institutional investor bought 27,600 shares of the industrial products company’s stock, valued at approximately $5,267,000.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the period. Fairway Wealth LLC bought a new stake in Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. increased its position in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management raised its stake in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GTLS shares. BTIG Research increased their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Citigroup raised their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Barclays raised their price target on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.83.

Chart Industries Stock Performance

Shares of GTLS opened at $115.48 on Friday. The stock has a 50-day moving average of $173.52 and a 200-day moving average of $169.09. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $5.28 billion, a PE ratio of 33.47, 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 EPS 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 for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,109 shares of company stock worth $160,845. 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.