Amalgamated Bank Sells 1,640 Shares of Chart Industries, Inc. (NYSE:GTLS)

Amalgamated Bank reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,408 shares of the industrial products company’s stock after selling 1,640 shares during the period. Amalgamated Bank’s holdings in Chart Industries were worth $2,946,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 1492 Capital Management LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at about $1,509,000. Greenwood Capital Associates LLC lifted its position in Chart Industries by 21.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 84,962 shares of the industrial products company’s stock valued at $11,583,000 after purchasing an additional 15,078 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Chart Industries by 49.3% during the fourth quarter. Stifel Financial Corp now owns 125,543 shares of the industrial products company’s stock valued at $17,115,000 after purchasing an additional 41,446 shares during the period. Perpetual Ltd grew its holdings in shares of Chart Industries by 24.0% in the first quarter. Perpetual Ltd now owns 543,933 shares of the industrial products company’s stock worth $89,597,000 after purchasing an additional 105,236 shares during the last quarter. Finally, RK Capital Management LLC purchased a new position in shares of Chart Industries in the fourth quarter worth $6,843,000.

Analysts Set New Price Targets

GTLS has been the topic of a number of recent analyst reports. 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. Bank of America boosted their price target on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 price objective on shares of Chart Industries in a report on Monday, August 26th. Wells Fargo & Company cut their price objective on Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Craig Hallum dropped their price target on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.08.

Insider Buying and Selling

In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock worth $482,278 in the last quarter. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Trading Up 2.1 %

NYSE:GTLS opened at $125.05 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 125.05, a PEG ratio of 0.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $173.65. The company’s 50-day simple moving average is $129.07 and its 200 day simple moving average is $142.96.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. As a group, analysts forecast that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

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.