Iridian Asset Management LLC CT Increases Position in Chart Industries, Inc. (NYSE:GTLS)

Iridian Asset Management LLC CT grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 74.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,957 shares of the industrial products company’s stock after buying an additional 18,334 shares during the quarter. Chart Industries accounts for about 1.1% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 24th biggest position. Iridian Asset Management LLC CT owned 0.10% of Chart Industries worth $5,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GTLS. EFG Asset Management North America Corp. boosted its position in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 64 shares in the last quarter. Arizona State Retirement System grew its stake in Chart Industries by 0.7% in the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares in the last quarter. Aristeia Capital L.L.C. increased its holdings in Chart Industries by 3.7% during the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 92 shares during the period. Finally, Register Financial Advisors LLC increased its holdings in Chart Industries by 1.6% during the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 100 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GTLS. Bank of America dropped their price target 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. 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 report on Thursday, August 29th. Craig Hallum lowered their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus cut their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Barclays reduced their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.00.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $240,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

Shares of GTLS stock opened at $122.95 on Thursday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $171.68. The business’s fifty day simple moving average is $121.42 and its 200-day simple moving average is $137.31. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. The company has a market cap of $5.26 billion, a PE ratio of 122.95, a PEG ratio of 0.57 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.94 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.