Chart Industries, Inc. (NYSE:GTLS) Shares Acquired by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 32.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 62,872 shares of the industrial products company’s stock after purchasing an additional 15,339 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chart Industries were worth $7,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after purchasing an additional 45,137 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Chart Industries by 2.2% during the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Chart Industries by 6.3% during the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after purchasing an additional 59,322 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Chart Industries by 10.7% in the second 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 in the last quarter. Finally, Perpetual Ltd increased its holdings in Chart Industries by 7.3% in the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after buying an additional 34,153 shares in the last quarter.

Insider Buying and Selling at Chart Industries

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

Analyst Ratings Changes

A number of research firms have weighed in on GTLS. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group cut 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. Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. 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 report on Monday, September 16th. Finally, Craig Hallum cut their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

Chart Industries Stock Performance

GTLS opened at $122.95 on Thursday. The firm has a market capitalization of $5.26 billion, a PE ratio of 122.95, a PEG ratio of 0.57 and a beta of 1.70. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $171.68. The firm’s 50-day moving average price is $121.42 and its 200 day moving average price is $137.31. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last posted 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 during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.94 EPS for the current fiscal year.

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.