BNP Paribas Financial Markets Lowers Stock Position in Chart Industries, Inc. (NYSE:GTLS)

BNP Paribas Financial Markets cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 62.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,785 shares of the industrial products company’s stock after selling 16,068 shares during the period. BNP Paribas Financial Markets’ holdings in Chart Industries were worth $1,867,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GTLS. Fifth Third Wealth Advisors LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $260,000. Park Avenue Securities LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $410,000. Wealthcare Advisory Partners LLC grew its position in shares of Chart Industries by 21.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 3,916 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 681 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $211,000. Finally, Enclave Advisors LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $229,000.

Insider Transactions at Chart Industries

In other news, VP Gerald F. Vinci purchased 175 shares of the business’s stock in a transaction dated 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 purchase, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday. Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays lifted their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, TD Cowen lowered their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Buy” and an average price target of $199.36.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $171.66 on Friday. The firm has a market capitalization of $7.84 billion, a P/E ratio of 49.76, a PEG ratio of 0.57 and a beta of 1.69. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company’s fifty day moving average is $142.95 and its two-hundred day moving average is $172.31. 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 earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 EPS. Analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.