Private Advisor Group LLC Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Private Advisor Group LLC reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,283 shares of the industrial products company’s stock after selling 366 shares during the period. Private Advisor Group LLC’s holdings in Chart Industries were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GTLS. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries in the third quarter worth about $34,000. Blue Trust Inc. increased its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Spire Wealth Management increased its position in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Chart Industries during the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC increased its position in Chart Industries by 74.0% during the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 247 shares during the last quarter.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.95% of the company’s stock.

Chart Industries Trading Down 13.8 %

Shares of GTLS stock opened at $143.08 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a market capitalization of $6.13 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84. The company has a 50 day moving average price of $198.16 and a 200 day moving average price of $164.38. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 EPS. Equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.08.

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.