Tidal Investments LLC Buys 4,658 Shares of Chart Industries, Inc. (NYSE:GTLS)

Tidal Investments LLC grew its position in Chart Industries, Inc. (NYSE:GTLS) by 148.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,793 shares of the industrial products company’s stock after buying an additional 4,658 shares during the quarter. Tidal Investments LLC’s holdings in Chart Industries were worth $1,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Capital Analysts LLC acquired a new stake in Chart Industries in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its stake in shares of Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries in the 4th quarter valued at approximately $34,000. Blue Trust Inc. raised its stake in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost 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. This trade represents a 58.33% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 in the last quarter. 0.99% of the stock is currently owned by corporate insiders.

Chart Industries Trading Down 0.5%

GTLS opened at $158.03 on Friday. The company has a fifty day moving average price of $144.40 and a two-hundred day moving average price of $173.04. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a market cap of $7.22 billion, a P/E ratio of 45.81, 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 38.8% on a year-over-year basis. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTLS. Morgan Stanley cut their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Barclays boosted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group decreased their price objective on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Citigroup boosted their target price 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. 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 research 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. According to MarketBeat, Chart Industries currently has an average rating of “Buy” and an average target price of $199.36.

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.