Pier 88 Investment Partners LLC Buys Shares of 3,670 Chart Industries, Inc. (NYSE:GTLS)

Pier 88 Investment Partners LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,670 shares of the industrial products company’s stock, valued at approximately $456,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Chart Industries by 28.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock valued at $19,564,000 after purchasing an additional 26,627 shares during the last quarter. SIR Capital Management L.P. grew its position in shares of Chart Industries by 74.7% during 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 buying an additional 41,626 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Chart Industries during the first quarter worth about $15,702,000. NBW Capital LLC lifted its holdings in Chart Industries by 28.7% in the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after acquiring an additional 13,062 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new position in Chart Industries in the second quarter valued at approximately $14,333,000.

Analysts Set New Price Targets

GTLS has been the topic of several recent research reports. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a report on Monday, September 16th. The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Insiders Place Their Bets

In related news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were acquired 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 owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Linda S. Harty purchased 1,000 shares of Chart Industries stock in a transaction on Friday, September 13th. The stock was bought at an average price of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders purchased a total of 7,152 shares of company stock worth $482,278 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Price Performance

NYSE GTLS opened at $172.35 on Thursday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $174.32. The stock’s 50-day moving average price is $128.25 and its two-hundred day moving average price is $137.66. The company has a market cap of $7.38 billion, a PE ratio of 49.96, a PEG ratio of 0.87 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $1.28 earnings per share. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

About Chart Industries

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.