Primecap Management Co. CA Has $19.32 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Primecap Management Co. CA increased its position in Chart Industries, Inc. (NYSE:GTLS) by 56.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,600 shares of the industrial products company’s stock after purchasing an additional 56,300 shares during the quarter. Primecap Management Co. CA owned approximately 0.36% of Chart Industries worth $19,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Vanguard Group Inc. boosted its position in shares of 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 during the last quarter. King Luther Capital Management Corp lifted its stake in Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after buying an additional 29,139 shares during the period. Principal Financial Group Inc. boosted its holdings in Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after buying an additional 32,442 shares during the last quarter. Perpetual Ltd grew its position in shares of Chart Industries by 7.3% during the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock worth $62,102,000 after buying an additional 34,153 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after buying an additional 386,821 shares during the period.

Chart Industries Stock Up 4.4 %

Shares of Chart Industries stock opened at $183.81 on Friday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $186.18. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The business’s 50 day simple moving average is $136.66 and its 200 day simple moving average is $138.82. The firm has a market cap of $7.87 billion, a PE ratio of 53.28, a P/E/G ratio of 0.87 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. On average, analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Transactions at Chart Industries

In related news, Director Paul E. Mahoney bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the firm’s stock in a transaction 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 purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 7,152 shares of company stock worth $482,278 in the last three months. Insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GTLS. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group dropped their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $178.82.

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.