Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 99.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,877 shares of the industrial products company’s stock after selling 6,874,281 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chart Industries were worth $1,226,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Chart Industries in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. grew 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 buying an additional 255 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Chart Industries in the second quarter valued at $40,000. Ecofi Investissements SA acquired a new position in Chart Industries during the 2nd quarter worth about $50,000. Finally, Mendota Financial Group LLC lifted its stake in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GTLS. Wells Fargo & Company cut their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. 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 research report on Monday, November 4th. Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $193.25 on Monday. The stock’s 50-day simple moving average is $143.84 and its 200-day simple moving average is $139.98. The firm has a market capitalization of $8.27 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $196.91. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Insider Activity at Chart Industries

In related news, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock valued at $482,278 in the last three months. 0.95% of the stock is currently owned by company 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.