Wellington Shields & Co. LLC Grows Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Wellington Shields & Co. LLC grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 44.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,336 shares of the industrial products company’s stock after purchasing an additional 4,126 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Chart Industries were worth $1,925,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. ClariVest Asset Management LLC increased its position in shares of Chart Industries by 45.2% in the second quarter. ClariVest Asset Management LLC now owns 18,885 shares of the industrial products company’s stock worth $2,726,000 after acquiring an additional 5,875 shares in the last quarter. SIR Capital Management L.P. increased its holdings in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after purchasing an additional 41,626 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Chart Industries by 2.9% during the second quarter. Texas Permanent School Fund Corp now owns 37,789 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 1,070 shares in the last quarter. Choreo LLC acquired a new position in shares of Chart Industries during the second quarter worth about $538,000. Finally, Caprock Group LLC boosted its position in shares of Chart Industries by 8.8% in the second quarter. Caprock Group LLC now owns 1,600 shares of the industrial products company’s stock worth $231,000 after buying an additional 130 shares during the period.

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 dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $106.67 on Wednesday. The firm has a fifty day moving average price of $134.01 and a two-hundred day moving average price of $144.37. Chart Industries, Inc. has a fifty-two week low of $104.33 and a fifty-two week high of $179.43. 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 company has a market cap of $4.57 billion, a PE ratio of 106.67, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data 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). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. Chart Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Analysts expect that Chart Industries, Inc. will post 10.57 EPS for the current year.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of analyst reports. Bank of America upped their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group dropped their price target 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 lowered their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Barclays cut their price target on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Finally, Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.46.

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.