Balyasny Asset Management L.P. Takes $12.35 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Balyasny Asset Management L.P. purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 64,708 shares of the industrial products company’s stock, valued at approximately $12,349,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Wolf Hill Capital Management LP bought a new position in shares of Chart Industries in the 4th quarter worth $101,121,000. Norges Bank acquired a new position in Chart Industries during the fourth quarter worth $88,609,000. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after buying an additional 291,520 shares in the last quarter. Keybank National Association OH grew its holdings in shares of Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after buying an additional 244,378 shares during the last quarter. Finally, Engaged Capital LLC bought a new stake in shares of Chart Industries during the fourth quarter worth about $42,900,000.

Chart Industries Trading Up 4.6 %

NYSE:GTLS opened at $157.71 on Friday. The firm’s 50 day moving average is $140.86 and its 200 day moving average is $170.01. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market capitalization of $7.09 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays increased their target price on shares of Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday. Finally, TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $201.64.

Insider Activity

In related news, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 over the last quarter. Company insiders own 0.99% of the company’s stock.

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.