Victory Capital Management Inc. Acquires 83,685 Shares of Chart Industries, Inc. (NYSE:GTLS)

Victory Capital Management Inc. boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 388,736 shares of the industrial products company’s stock after acquiring an additional 83,685 shares during the period. Victory Capital Management Inc. owned 0.91% of Chart Industries worth $48,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Chart Industries during the 1st quarter worth $30,000. Ashton Thomas Securities LLC bought a new position in Chart Industries during the 3rd quarter worth $34,000. Byrne Asset Management LLC bought a new position in Chart Industries during the 2nd quarter worth $40,000. UMB Bank n.a. increased its position in Chart Industries by 418.0% during the 3rd 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 during the period. Finally, Ecofi Investissements SA bought a new position in Chart Industries during the 2nd quarter worth $50,000.

Insider Activity

In other news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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 price of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Stock Performance

NYSE:GTLS opened at $165.88 on Friday. The stock’s 50-day simple moving average is $130.45 and its 200 day simple moving average is $138.00. The firm has a market capitalization of $7.10 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $176.16.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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). The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $1.28 earnings per share. On average, analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several recent research reports. Barclays lowered their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus increased their target price on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Finally, Bank of America reduced their target price 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

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.