Duff & Phelps Investment Management Co. Sells 4,322 Shares of Chart Industries, Inc. (NYSE:GTLS)

Duff & Phelps Investment Management Co. reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 61.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,757 shares of the industrial products company’s stock after selling 4,322 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Chart Industries were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. King Luther Capital Management Corp raised its holdings 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 valued at $128,100,000 after buying an additional 29,139 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares during the period. Fisher Asset Management LLC raised its stake in shares of Chart Industries by 2.3% during 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 acquiring an additional 13,181 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chart Industries by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after purchasing an additional 11,706 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $240,250. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 6,712 shares of company stock valued at $431,982. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Trading Up 0.3 %

Shares of NYSE GTLS opened at $190.89 on Tuesday. The stock has a market cap of $8.17 billion, a P/E ratio of 55.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.86. 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 $196.91. The firm has a 50-day moving average of $151.91 and a 200 day moving average of $141.39.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 earnings per share. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on GTLS. Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. The Goldman Sachs Group cut their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Barclays cut their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

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.