Blueshift Asset Management LLC Invests $373,000 in Chart Industries, Inc. (NYSE:GTLS)

Blueshift Asset Management LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,004 shares of the industrial products company’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Glenmede Trust Co. NA increased its holdings in shares of Chart Industries by 2.4% in the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 114 shares in the last quarter. Bridgewater Associates LP bought a new stake in Chart Industries in the third quarter valued at about $7,137,000. BNP Paribas Financial Markets increased its stake in shares of Chart Industries by 41.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company’s stock valued at $3,209,000 after acquiring an additional 7,634 shares during the last quarter. Advantage Alpha Capital Partners LP bought a new stake in Chart Industries in the third quarter valued at approximately $5,942,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Chart Industries by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company’s stock valued at $7,067,000 after buying an additional 389 shares in the last quarter.

Chart Industries Stock Up 2.6 %

Shares of NYSE GTLS opened at $195.60 on Friday. The stock has a market capitalization of $8.37 billion, a P/E ratio of 56.70, a PEG ratio of 0.97 and a beta of 1.71. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.18. The stock’s fifty day moving average is $141.00 and its 200 day moving average is $139.46.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. Sell-side analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was bought 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 $240,250. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock valued at $482,278 in the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Wells Fargo & Company dropped their target price on 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 dropped their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Stifel Nicolaus raised their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three investment 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

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.