Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. increased its position in Chart Industries, Inc. (NYSE:GTLS) by 15.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,500 shares of the industrial products company’s stock after purchasing 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at about $30,000. Byrne Asset Management LLC bought a new position in Chart Industries in the second quarter worth about $40,000. UMB Bank n.a. boosted its stake in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA bought a new position in shares of Chart Industries during the second quarter valued at approximately $50,000. Finally, Covestor Ltd raised its position in shares of Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 311 shares during the period.

Analyst Ratings Changes

A number of research firms recently issued reports on GTLS. Wells Fargo & Company reduced 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. Barclays lowered their price target on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday. Stifel Nicolaus cut their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. 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 research report on Monday, September 16th. Finally, 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 report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average price target of $178.00.

Chart Industries Price Performance

NYSE GTLS traded down $0.76 on Friday, reaching $126.01. 378,184 shares of the stock traded hands, compared to its average volume of 611,650. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $171.68. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 126.15, a P/E/G ratio of 0.40 and a beta of 1.70. The firm’s fifty day simple moving average is $120.00 and its 200 day simple moving average is $139.32. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

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

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda S. Harty bought 1,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock valued at $482,278 in the last quarter. Insiders own 0.95% of the company’s stock.

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.