Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,434 shares of the industrial products company’s stock after selling 1,540 shares during the period. Atria Investments Inc’s holdings in Chart Industries were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Chart Industries during the first quarter worth about $30,000. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the second quarter valued at approximately $40,000. UMB Bank n.a. grew its position 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 purchasing an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the second quarter valued at approximately $50,000. Finally, 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 valued at $61,000 after buying an additional 311 shares during the period.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $240,250. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by company insiders.

Chart Industries Price Performance

Chart Industries stock opened at $168.56 on Thursday. The business’s 50-day simple moving average is $133.99 and its 200 day simple moving average is $138.38. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 48.86, a P/E/G ratio of 0.85 and a beta of 1.71. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $176.16. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business 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 company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GTLS. Barclays cut their price target 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. The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus raised their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

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.