Sequoia Financial Advisors LLC Has $1.18 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Sequoia Financial Advisors LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,501 shares of the industrial products company’s stock after selling 3,913 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Chart Industries were worth $1,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chart Industries during the 1st quarter worth about $30,000. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries during the second quarter worth approximately $40,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Ecofi Investissements SA bought a new stake in Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Covestor Ltd increased its holdings in Chart Industries by 509.8% during the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 311 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GTLS. Wells Fargo & Company reduced their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. The Goldman Sachs Group dropped their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus lowered their price target on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Chart Industries Trading Up 1.0 %

NYSE GTLS opened at $123.89 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $171.68. The company has a market capitalization of $5.30 billion, a PE ratio of 123.89, a P/E/G ratio of 0.40 and a beta of 1.70. The stock has a 50-day simple moving average of $121.10 and a 200 day simple moving average of $138.17.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Research analysts forecast that Chart Industries, Inc. will post 10.42 EPS for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 over the last three months. 0.95% of the stock is currently owned by corporate insiders.

About Chart Industries

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.