Argent Trust Co Decreases Position in Chart Industries, Inc. (NYSE:GTLS)

Argent Trust Co decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,849 shares of the industrial products company’s stock after selling 170 shares during the period. Argent Trust Co’s holdings in Chart Industries were worth $411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GTLS. Norges Bank purchased a new position in shares of Chart Industries during the 4th quarter valued at $57,415,000. Dimensional Fund Advisors LP boosted its position in Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of Chart Industries in the first quarter worth about $42,507,000. Gates Capital Management Inc. raised its position in shares of Chart Industries by 50.5% in the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after purchasing an additional 227,280 shares during the period. Finally, Intrinsic Edge Capital Management LLC bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $27,672,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on GTLS. The Goldman Sachs Group dropped their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Craig Hallum reduced their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. Finally, Wells Fargo & Company lowered their target price on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average target price of $183.08.

Chart Industries Price Performance

GTLS opened at $124.52 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. The stock has a market capitalization of $5.33 billion, a P/E ratio of 124.52, a PEG ratio of 0.35 and a beta of 1.70. The stock has a 50-day moving average price of $130.99 and a 200-day moving average price of $143.35. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $176.85.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. Equities analysts predict that Chart Industries, Inc. will post 10.57 earnings per share for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

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.