Wellington Management Group LLP Increases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Wellington Management Group LLP increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 90.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,482 shares of the industrial products company’s stock after buying an additional 262,592 shares during the quarter. Wellington Management Group LLP owned 1.29% of Chart Industries worth $68,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Envestnet Portfolio Solutions Inc. grew its stake in Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after buying an additional 64 shares during the last quarter. Community Trust & Investment Co. grew its stake in Chart Industries by 30.6% during the 2nd quarter. Community Trust & Investment Co. now owns 57,543 shares of the industrial products company’s stock worth $8,306,000 after buying an additional 13,470 shares during the last quarter. Lifestyle Asset Management Inc. purchased a new position in Chart Industries during the 2nd quarter worth $288,000. Central Bank & Trust Co. purchased a new stake in Chart Industries during the 2nd quarter valued at about $86,000. Finally, Paradiem LLC purchased a new stake in Chart Industries during the 2nd quarter valued at about $584,000.

Insider Buying and Selling

In other news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders acquired 6,212 shares of company stock valued at $378,707. 0.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. Wells Fargo & Company dropped their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Bank of America dropped 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 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 price target on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Up 0.5 %

Shares of GTLS opened at $192.08 on Wednesday. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 55.68, a PEG ratio of 0.98 and a beta of 1.86. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average price is $153.36 and its 200-day moving average price is $141.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion during 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 business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.03 EPS 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.