Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 78.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,209 shares of the industrial products company's stock after selling 4,387 shares during the period. Blair William & Co. IL's holdings in Chart Industries were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Chart Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock worth $820,115,000 after acquiring an additional 59,889 shares during the last quarter. Geode Capital Management LLC increased its stake in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after acquiring an additional 19,534 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after buying an additional 262,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chart Industries by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company's stock valued at $98,871,000 after buying an additional 16,197 shares during the last quarter.

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Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares of the company's stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock worth $160,845 over the last 90 days. Corporate insiders own 0.95% of the company's stock.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $5.44 during trading on Thursday, reaching $126.11. 121,506 shares of the company's stock traded hands, compared to its average volume of 746,613. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $5.76 billion, a PE ratio of 36.55, a P/E/G ratio of 0.57 and a beta of 1.68. The company has a 50-day simple moving average of $164.98 and a 200-day simple moving average of $168.73.

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

Analysts Set New Price Targets

A number of research firms have recently commented on GTLS. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group boosted their price target on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Finally, BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $201.42.

Chart Industries Company 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.