Ardsley Advisory Partners LP Invests $3.82 Million in Chart Industries, Inc. (NYSE:GTLS)

Ardsley Advisory Partners LP purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,000 shares of the industrial products company’s stock, valued at approximately $3,817,000.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its position 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 valued at $2,744,000 after purchasing an additional 15,862 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its position in Chart Industries by 26.7% during the fourth 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 buying an additional 2,000 shares during the period. Connective Portfolio Management LLC purchased a new stake in Chart Industries during the fourth quarter worth about $725,000. Principal Financial Group Inc. raised its position in Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Chart Industries in the fourth quarter valued at about $410,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GTLS. TD Cowen decreased their price target on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday. The Goldman Sachs Group decreased their target price on Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price target on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. Finally, Citigroup upped their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $197.25.

Chart Industries Stock Performance

NYSE:GTLS opened at $156.95 on Friday. The stock has a market cap of $7.05 billion, a P/E ratio of 45.49, a PEG ratio of 0.57 and a beta of 1.68. 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 business’s 50-day moving average price is $143.01 and its two-hundred day moving average price is $169.26. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

Chart Industries (NYSE:GTLS) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,109 shares of company stock worth $160,845. Corporate insiders own 0.99% 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.