National Bank of Canada FI Increases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

National Bank of Canada FI increased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 328.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,757 shares of the industrial products company’s stock after buying an additional 5,181 shares during the period. National Bank of Canada FI’s holdings in Chart Industries were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Byrne Asset Management LLC acquired a new position in Chart Industries during the 2nd quarter worth $40,000. Ecofi Investissements SA bought a new stake in shares of Chart Industries in the 2nd quarter worth about $50,000. Finally, Mendota Financial Group LLC raised its stake in shares of Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares in the last quarter.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased 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 directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.95% of the stock is currently owned by insiders.

Chart Industries Stock Performance

GTLS opened at $197.87 on Friday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $201.10. The stock has a market cap of $8.47 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The business’s 50 day moving average is $157.96 and its 200-day moving average is $142.70. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays reduced 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. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Morgan Stanley raised 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 research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $178.82.

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.