Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Lbp Am Sa

Lbp Am Sa cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,579 shares of the industrial products company’s stock after selling 645 shares during the period. Lbp Am Sa’s holdings in Chart Industries were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GTLS. King Luther Capital Management Corp lifted its stake in Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after acquiring an additional 29,139 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after purchasing an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares in the last quarter.

Insider Activity

In related news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock valued at $160,845 in the last ninety days. 0.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays increased their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have assigned 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 “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

Shares of GTLS opened at $149.06 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $6.81 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The firm has a fifty day moving average price of $191.59 and a 200 day moving average price of $165.91.

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 the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion during 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current 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.