Creative Planning Sells 168 Shares of Chart Industries, Inc. (NYSE:GTLS)

Creative Planning cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,453 shares of the industrial products company’s stock after selling 168 shares during the quarter. Creative Planning’s holdings in Chart Industries were worth $677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries in the 1st quarter worth about $30,000. UMB Bank n.a. increased its holdings in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Chart Industries in the 2nd quarter worth about $40,000. Ecofi Investissements SA bought a new stake in Chart Industries in the 2nd quarter worth about $50,000. Finally, Covestor Ltd increased its holdings in Chart Industries by 509.8% in the 1st quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $240,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $113.50 per share, with a total value of $113,500.00. Following the acquisition, the director now owns 10,640 shares in the company, valued at $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. 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 in the last quarter. 0.95% of the stock is currently owned by insiders.

Chart Industries Stock Up 7.7 %

GTLS stock opened at $130.00 on Monday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $171.68. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. The stock has a market cap of $5.57 billion, a P/E ratio of 63.41, a PEG ratio of 0.56 and a beta of 1.71. The business’s 50-day moving average price is $121.62 and its 200-day moving average price is $136.98.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GTLS shares. Barclays reduced their price objective on Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company reduced 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. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Craig Hallum dropped their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Three 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.00.

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.