SIR Capital Management L.P. Purchases 41,626 Shares of Chart Industries, Inc. (NYSE:GTLS)

SIR Capital Management L.P. boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 74.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 97,342 shares of the industrial products company’s stock after acquiring an additional 41,626 shares during the quarter. Chart Industries makes up approximately 1.4% of SIR Capital Management L.P.’s holdings, making the stock its 25th biggest holding. SIR Capital Management L.P.’s holdings in Chart Industries were worth $14,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock valued at $679,814,000 after buying an additional 17,450 shares during the last quarter. Vanguard Group Inc. raised its holdings in Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after buying an additional 45,137 shares during the last quarter. Bamco Inc. NY raised its holdings in Chart Industries by 2.2% during the 1st quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after buying an additional 25,000 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Chart Industries by 8.6% during the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock valued at $126,819,000 after buying an additional 73,586 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Chart Industries by 10.7% during the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after buying an additional 74,519 shares during the last quarter.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on GTLS shares. Craig Hallum decreased their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Bank of America upped their price objective on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group decreased their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $199.00 price objective on shares of Chart Industries in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.46.

Chart Industries Stock Down 1.8 %

NYSE:GTLS opened at $110.05 on Tuesday. The firm’s 50-day moving average price is $134.73 and its 200-day moving average price is $144.51. The company has a market capitalization of $4.71 billion, a PE ratio of 110.05, a P/E/G ratio of 0.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. Chart Industries, Inc. has a 1-year low of $106.88 and a 1-year high of $179.43.

Chart Industries (NYSE:GTLS) last announced 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company posted $1.19 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts predict that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

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.