Bridgewater Associates LP Invests $7.14 Million in Chart Industries, Inc. (NYSE:GTLS)

Bridgewater Associates LP acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,494 shares of the industrial products company’s stock, valued at approximately $7,137,000. Bridgewater Associates LP owned 0.13% of Chart Industries as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter worth $34,000. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the second quarter valued at 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 buying an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new position in Chart Industries during the second quarter worth about $50,000. Finally, Advisors Asset Management Inc. increased its holdings in Chart Industries by 37.9% in the first quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock valued at $94,000 after buying an additional 157 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Bank of America decreased their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays dropped their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company dropped their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Performance

NYSE:GTLS opened at $193.25 on Friday. 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 firm has a market cap of $8.27 billion, a PE ratio of 56.01, a P/E/G ratio of 1.00 and a beta of 1.71. The firm has a 50 day simple moving average of $142.42 and a 200-day simple moving average of $139.85. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91.

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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $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 at this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,152 shares of company stock valued at $482,278. 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.