Jennison Associates LLC Has $9.73 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Jennison Associates LLC cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,341 shares of the industrial products company’s stock after selling 372 shares during the period. Jennison Associates LLC’s holdings in Chart Industries were worth $9,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. Premier Fund Managers Ltd acquired a new stake in shares of Chart Industries during the third quarter worth $733,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Chart Industries during the 3rd quarter worth approximately $860,000. Swiss National Bank raised its position in Chart Industries by 0.6% during the third quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock worth $10,378,000 after acquiring an additional 500 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Chart Industries by 8.4% in the third quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock valued at $2,706,000 after buying an additional 1,692 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Chart Industries by 12.9% during the 3rd quarter. Royce & Associates LP now owns 135,960 shares of the industrial products company’s stock worth $16,878,000 after buying an additional 15,502 shares during the period.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays dropped their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Craig Hallum boosted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Stock Up 4.4 %

Shares of NYSE:GTLS opened at $183.81 on Friday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $186.18. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The business’s 50-day moving average is $136.66 and its 200-day moving average is $138.82. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 53.28, a P/E/G ratio of 0.87 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted 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 the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. Equities research analysts predict that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

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.