Mitsubishi UFJ Asset Management UK Ltd. Boosts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Chart Industries were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Chart Industries by 10.8% in the fourth quarter. Wellington Management Group LLP now owns 242,768 shares of the industrial products company’s stock valued at $33,097,000 after acquiring an additional 23,741 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Chart Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 4,163,475 shares of the industrial products company’s stock worth $567,607,000 after purchasing an additional 39,130 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Chart Industries during the first quarter worth about $584,000. Mather Group LLC. acquired a new position in shares of Chart Industries in the first quarter valued at approximately $112,000. Finally, Banque Cantonale Vaudoise lifted its stake in shares of Chart Industries by 5.1% during the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock valued at $290,000 after buying an additional 85 shares during the period.

Chart Industries Trading Down 0.6 %

Shares of GTLS stock traded down $0.76 during mid-day trading on Friday, reaching $126.01. The company’s stock had a trading volume of 378,184 shares, compared to its average volume of 611,650. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.39 billion, a PE ratio of 126.15, a price-to-earnings-growth ratio of 0.40 and a beta of 1.70. The company’s 50 day simple moving average is $120.00 and its 200-day simple moving average is $139.32. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $171.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, research analysts predict that Chart Industries, Inc. will post 10.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus reduced their target price on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. Three 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. According to data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $178.00.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 5,000 shares of Chart Industries 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 transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chart Industries news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $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 90 days. 0.95% of the stock is owned by company insiders.

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.