Investors Research Corp Sells 825 Shares of Chart Industries, Inc. (NYSE:GTLS)

Investors Research Corp decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,425 shares of the industrial products company’s stock after selling 825 shares during the quarter. Investors Research Corp’s holdings in Chart Industries were worth $463,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC bought a new position in Chart Industries during the 4th quarter worth approximately $1,877,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Chart Industries during the 4th quarter worth approximately $206,000. Lisanti Capital Growth LLC bought a new position in Chart Industries during the 4th quarter worth approximately $5,962,000. Chung Wu Investment Group LLC bought a new position in Chart Industries during the 4th quarter worth approximately $355,000. Finally, Lindbrook Capital LLC raised its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Stock Down 4.8 %

GTLS stock opened at $142.52 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $6.51 billion, a PE ratio of 41.31, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a 50-day simple moving average of $195.29 and a two-hundred day simple moving average of $165.29.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 EPS. On average, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.95% of the stock is owned by insiders.

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.