Brandywine Global Investment Management LLC Has $2.71 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Brandywine Global Investment Management LLC trimmed its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 96.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,222 shares of the industrial products company's stock after selling 347,096 shares during the period. Brandywine Global Investment Management LLC's holdings in Chart Industries were worth $2,714,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in Chart Industries by 0.7% in the third quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company's stock valued at $7,067,000 after acquiring an additional 389 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Chart Industries by 41.9% in the third quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company's stock worth $3,209,000 after acquiring an additional 7,634 shares during the last quarter. Glenmede Trust Co. NA raised its position in Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company's stock worth $595,000 after purchasing an additional 114 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Chart Industries by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 59,527 shares of the industrial products company's stock worth $7,390,000 after purchasing an additional 2,031 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Chart Industries during the 3rd quarter worth approximately $2,558,000.

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Analyst Ratings Changes

A number of brokerages recently commented on GTLS. Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. 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 note on Friday, December 20th. Three equities 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $201.83.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko bought 350 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last three months. Corporate insiders own 0.95% of the company's stock.

Chart Industries Stock Performance

NYSE:GTLS traded up $2.70 during mid-day trading on Monday, reaching $118.23. 1,621,107 shares of the company's stock were exchanged, compared to its average volume of 692,299. The business's fifty day simple moving average is $171.82 and its two-hundred day simple moving average is $169.38. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a market capitalization of $5.40 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. 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 - Get Free Report) last released its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $2.25 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share 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.