Malaga Cove Capital LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Malaga Cove Capital LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,599 shares of the industrial products company's stock, valued at approximately $299,000.

Other large investors have also bought and sold shares of the company. Harbor Investment Advisory LLC bought a new stake in Chart Industries during the 3rd quarter worth approximately $29,000. Ronald Blue Trust Inc. boosted its position in Chart Industries by 200.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 159 shares of the industrial products company's stock worth $29,000 after acquiring an additional 106 shares during the last quarter. KB Financial Partners LLC acquired a new position in Chart Industries during the 1st quarter worth approximately $28,000. Larson Financial Group LLC acquired a new position in Chart Industries during the 3rd quarter worth approximately $41,000. Finally, Quadrant Capital Group LLC boosted its position in Chart Industries by 121.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company's stock worth $54,000 after acquiring an additional 160 shares during the last quarter.

GTLS stock traded down $3.40 during trading hours on Wednesday, hitting $121.31. 197,166 shares of the stock were exchanged, compared to its average volume of 704,153. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $5.09 billion, a P/E ratio of -623.55, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a 50-day simple moving average of $120.71 and a two-hundred day simple moving average of $124.71. Chart Industries, Inc. has a 12 month low of $101.44 and a 12 month high of $242.59.

Chart Industries (NYSE:GTLS - Get Rating) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $1.05. The firm had revenue of $537.90 million for the quarter, compared to analysts' expectations of $495.89 million. Chart Industries had a positive return on equity of 9.07% and a negative net margin of 0.14%. The company's quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, analysts forecast that Chart Industries, Inc. will post 6.07 earnings per share for the current fiscal year.

GTLS has been the subject of a number of recent research reports. CL King initiated coverage on Chart Industries in a research report on Monday. They set a "buy" rating and a $165.00 price target for the company. Craig Hallum reduced their price target on Chart Industries from $249.00 to $205.00 and set a "buy" rating for the company in a research report on Monday, February 13th. Evercore ISI started coverage on Chart Industries in a research report on Tuesday, March 21st. They set an "outperform" rating and a $217.00 price target for the company. Wells Fargo & Company cut their price objective on Chart Industries from $144.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, April 14th. Finally, StockNews.com started coverage on Chart Industries in a report on Thursday, March 16th. They issued a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.06.

In related news, VP Gerald F. Vinci purchased 300 shares of the firm's stock in a transaction that occurred on Tuesday, March 21st. The shares were bought at an average price of $119.28 per share, for a total transaction of $35,784.00. Following the completion of the transaction, the vice president now owns 300 shares of the company's stock, valued at $35,784. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jillian C. Evanko purchased 2,375 shares of the firm's stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of $104.29 per share, for a total transaction of $247,688.75. Following the completion of the transaction, the chief executive officer now owns 104,228 shares of the company's stock, valued at $10,869,938.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gerald F. Vinci purchased 300 shares of the firm's stock in a transaction that occurred on Tuesday, March 21st. The stock was bought at an average price of $119.28 per share, for a total transaction of $35,784.00. Following the transaction, the vice president now directly owns 300 shares of the company's stock, valued at approximately $35,784. The disclosure for this purchase can be found here. Insiders have bought 7,875 shares of company stock worth $836,825 in the last 90 days. Company insiders own 0.80% of the company's stock.

Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.

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