Edmond DE Rothschild Holding S.A. Decreases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Edmond DE Rothschild Holding S.A. lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 53.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,669 shares of the industrial products company’s stock after selling 109,812 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.22% of Chart Industries worth $18,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC increased its holdings in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased its stake in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management raised its stake in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the period.

Chart Industries Stock Performance

GTLS opened at $147.48 on Monday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The business has a 50 day moving average price of $181.51 and a two-hundred day moving average price of $168.74. 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 (NYSE:GTLS) last announced 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $2.25 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

GTLS has been the topic of several recent analyst reports. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Barclays upped their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $202.33.

Insider Activity at Chart Industries

In related news, Director Linda S. Harty acquired 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. Insiders own 0.95% of the company’s stock.

Chart Industries Company 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.