Blair William & Co. IL Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Blair William & Co. IL cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 78.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,209 shares of the industrial products company’s stock after selling 4,387 shares during the quarter. Blair William & Co. IL’s holdings in Chart Industries were worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC grew its stake in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new stake in Chart Industries in the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased its holdings in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Spire Wealth Management raised its position in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 69 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of several recent research reports. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays upped their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Wells Fargo & Company lowered their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.83.

Chart Industries Price Performance

Chart Industries stock opened at $115.48 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 company’s fifty day moving average price is $173.52 and its 200 day moving average price is $169.09. The stock has a market capitalization of $5.28 billion, a P/E ratio of 33.47, a P/E/G ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 EPS. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 1,109 shares of company stock valued at $160,845 over the last quarter. 0.95% of the stock is currently owned by insiders.

Chart Industries 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.