ProShare Advisors LLC Has $2.69 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

ProShare Advisors LLC raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 41.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,073 shares of the industrial products company’s stock after acquiring an additional 4,117 shares during the quarter. ProShare Advisors LLC’s holdings in Chart Industries were worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. MainStreet Investment Advisors LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $209,000. Lighthouse Investment Partners LLC bought a new position in Chart Industries in the fourth quarter valued at about $1,908,000. Interval Partners LP bought a new position in Chart Industries in the fourth quarter valued at about $750,000. Janus Henderson Group PLC boosted its stake in shares of Chart Industries by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 1,608,883 shares of the industrial products company’s stock valued at $307,046,000 after purchasing an additional 35,004 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Chart Industries by 334.7% during the fourth quarter. Gotham Asset Management LLC now owns 15,972 shares of the industrial products company’s stock worth $3,048,000 after purchasing an additional 12,298 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GTLS shares. 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. TD Cowen reduced their price target on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley decreased their price target on Chart Industries from $250.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Stifel Nicolaus cut their price objective on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, 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 research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $199.36.

Chart Industries Price Performance

Shares of GTLS opened at $166.77 on Wednesday. The firm has a market cap of $7.62 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The business’s 50 day moving average price is $143.91 and its two-hundred day moving average price is $172.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the transaction, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $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 have purchased 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

About Chart Industries

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.