Bamco Inc. NY Sells 181,299 Shares of Chart Industries, Inc. (NYSE:GTLS)

Bamco Inc. NY reduced its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,022,664 shares of the industrial products company's stock after selling 181,299 shares during the period. Bamco Inc. NY owned 2.39% of Chart Industries worth $126,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. SIR Capital Management L.P. raised its stake in Chart Industries by 74.7% in the second quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company's stock valued at $14,050,000 after buying an additional 41,626 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock worth $73,551,000 after buying an additional 13,181 shares during the period. Premier Fund Managers Ltd acquired a new position in Chart Industries in the 3rd quarter valued at about $733,000. Blueshift Asset Management LLC bought a new stake in shares of Chart Industries during the third quarter worth approximately $373,000. Finally, Primecap Management Co. CA acquired a new position in shares of Chart Industries in the second quarter valued at approximately $14,333,000.

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $240,250. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company's stock, valued at $224,500.85. The trade was a 31.11 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 7,152 shares of company stock worth $482,278. Insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GTLS shares. Raymond James reissued a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a report on Monday. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research report on Monday, September 16th. Barclays decreased their price target on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Finally, Evercore ISI raised shares of Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.82.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $0.73 during trading on Monday, hitting $193.98. 539,635 shares of the company were exchanged, compared to its average volume of 657,701. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91. The company has a market capitalization of $8.30 billion, a P/E ratio of 55.44, a price-to-earnings-growth ratio of 0.99 and a beta of 1.71. The business's 50 day moving average is $143.84 and its 200-day moving average is $139.86.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The firm's quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current 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.