Alliancebernstein L.P. Sells 4,410 Shares of Chart Industries, Inc. (NYSE:GTLS)

Alliancebernstein L.P. lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 90,855 shares of the industrial products company's stock after selling 4,410 shares during the period. Alliancebernstein L.P. owned 0.21% of Chart Industries worth $17,339,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock valued at $839,000 after purchasing an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock valued at $2,744,000 after buying an additional 15,862 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock worth $1,813,000 after buying an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Chart Industries by 16.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company's stock worth $11,910,000 after acquiring an additional 13,289 shares in the last quarter. Finally, Connective Portfolio Management LLC acquired a new position in Chart Industries in the fourth quarter valued at about $725,000.

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Analysts Set New Price Targets

GTLS has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. TD Cowen upped their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group boosted 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. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $201.42.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company's stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

Chart Industries Price Performance

Shares of GTLS traded up $0.33 during midday trading on Monday, hitting $125.57. 43,322 shares of the company traded hands, compared to its average volume of 699,969. The stock has a 50-day moving average of $161.53 and a 200-day moving average of $169.03. The firm has a market cap of $5.74 billion, a P/E ratio of 36.40, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during 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%. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.