Silvercrest Asset Management Group LLC Grows Position in Chart Industries, Inc. (NYSE:GTLS)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,293 shares of the industrial products company’s stock after purchasing an additional 870 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.15% of Chart Industries worth $12,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GTLS. Fifth Third Wealth Advisors LLC purchased a new position in shares of Chart Industries during the 4th quarter worth $260,000. Park Avenue Securities LLC purchased a new position in shares of Chart Industries during the 4th quarter worth $410,000. Wealthcare Advisory Partners LLC boosted its holdings in Chart Industries by 21.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,916 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 681 shares during the period. Ameritas Advisory Services LLC purchased a new position in Chart Industries during the 4th quarter valued at about $211,000. Finally, Enclave Advisors LLC purchased a new position in Chart Industries during the 4th quarter valued at about $229,000.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research analyst reports. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Chart Industries from $231.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Wells Fargo & Company lowered their target price 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, TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $199.36.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci purchased 175 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. This trade represents a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,109 shares of company stock valued at $160,845. 0.99% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

Shares of GTLS opened at $171.66 on Friday. 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, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a 50 day moving average price of $142.95 and a 200 day moving average price of $172.31. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 49.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. Research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.