Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 20.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,375 shares of the industrial products company’s stock after selling 2,178 shares during the period. Hsbc Holdings PLC’s holdings in Chart Industries were worth $1,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries during the first quarter worth $30,000. Rise Advisors LLC lifted its stake in shares of Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after buying an additional 181 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries during the second quarter worth $40,000. Covestor Ltd lifted its stake in shares of Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares during the period. Finally, Central Bank & Trust Co. acquired a new stake in shares of Chart Industries during the second quarter worth $86,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GTLS. Stifel Nicolaus reiterated a “buy” rating and set a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. Barclays reduced their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chart Industries news, Director Linda S. Harty purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Up 1.2 %

GTLS stock opened at $125.68 on Friday. The stock has a market capitalization of $5.38 billion, a P/E ratio of 125.68, a P/E/G ratio of 0.39 and a beta of 1.70. The firm has a 50-day simple moving average of $125.80 and a 200-day simple moving average of $142.42. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $173.65.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion for 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 firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. Equities analysts forecast that Chart Industries, Inc. will post 10.72 earnings per share 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.