Aurora Investment Counsel Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Aurora Investment Counsel raised its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,823 shares of the industrial products company’s stock after buying an additional 1,786 shares during the period. Aurora Investment Counsel’s holdings in Chart Industries were worth $1,219,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries during the 1st quarter valued at $30,000. Vanguard Group Inc. raised its holdings in Chart Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Covestor Ltd raised its holdings in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 311 shares in the last quarter. Bessemer Group Inc. raised its holdings in Chart Industries by 1,302.3% in the 1st quarter. Bessemer Group Inc. now owns 617 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 573 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in Chart Industries in the 1st quarter worth $451,000.

Chart Industries Stock Down 0.3 %

NYSE:GTLS opened at $168.56 on Thursday. The firm has a market cap of $7.22 billion, a P/E ratio of 48.86, a P/E/G ratio of 0.87 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $176.16. The firm has a 50-day simple moving average of $133.99 and a two-hundred day simple moving average of $138.38.

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 analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GTLS. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Barclays decreased their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Stifel Nicolaus increased their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $178.82.

Insider Activity

In related news, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The trade was a 31.11 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock valued at $482,278 in the last 90 days. 0.95% of the stock is currently owned by insiders.

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.