MetLife Investment Management LLC Buys 3,505 Shares of Chart Industries, Inc. (NYSE:GTLS)

MetLife Investment Management LLC boosted its position in Chart Industries, Inc. (NYSE:GTLS) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,848 shares of the industrial products company’s stock after purchasing an additional 3,505 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of Chart Industries worth $9,322,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GTLS. B. Riley Wealth Advisors Inc. raised its stake in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after purchasing an additional 2,000 shares during the last quarter. Connective Portfolio Management LLC purchased a new stake in shares of Chart Industries during the 4th quarter valued at $725,000. MML Investors Services LLC boosted its position in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares in the last quarter.

Insider Activity at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock worth $160,845 in the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Down 7.5 %

Chart Industries stock opened at $118.80 on Tuesday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The business’s 50-day moving average price is $152.60 and its 200 day moving average price is $169.17. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $2.25 earnings per share. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GTLS shares. Barclays dropped their price target on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus lifted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.42.

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.