Dynamic Technology Lab Private Ltd Increases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Dynamic Technology Lab Private Ltd lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 79.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,572 shares of the industrial products company’s stock after buying an additional 3,784 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Chart Industries were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter worth about $34,000. UMB Bank n.a. lifted its stake in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC bought a new stake in Chart Industries during the second quarter valued at approximately $40,000. Ecofi Investissements SA purchased a new stake in Chart Industries during the second quarter valued at approximately $50,000. Finally, Mendota Financial Group LLC raised its position in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares during the period.

Chart Industries Price Performance

GTLS stock opened at $190.60 on Wednesday. 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 company’s fifty day moving average price is $138.11 and its 200-day moving average price is $138.78. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $192.99. The company has a market capitalization of $8.16 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.71.

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

Insider Buying and Selling

In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 31.11 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock worth $482,278. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GTLS. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays decreased their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Stifel Nicolaus increased their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries 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.