Janney Capital Management LLC Has $599,000 Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Janney Capital Management LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,138 shares of the industrial products company’s stock after selling 1,133 shares during the quarter. Janney Capital Management LLC’s holdings in Chart Industries were worth $599,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts recently weighed in on GTLS shares. Barclays lowered 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. BTIG Research upped their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Wells Fargo & Company cut their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Price Performance

Shares of GTLS stock opened at $214.02 on Thursday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $193.47 and its 200-day moving average is $153.23. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 62.03, a PEG ratio of 0.64 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal 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.