Capital World Investors Has $76.34 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Capital World Investors cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the industrial products company's stock after selling 1,394,704 shares during the quarter. Capital World Investors owned about 0.93% of Chart Industries worth $76,336,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Archford Capital Strategies LLC raised its stake in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 48 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after purchasing an additional 63 shares during the period. Assetmark Inc. raised its position in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after buying an additional 64 shares during the last quarter. Blue Trust Inc. raised its position in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after buying an additional 69 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company cut 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. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock 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 on the stock in a research note on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $197.67.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 in the last 90 days. Corporate insiders own 0.99% of the company's stock.

Chart Industries Price Performance

Shares of GTLS traded up $2.43 on Friday, hitting $135.67. The company's stock had a trading volume of 391,753 shares, compared to its average volume of 711,634. The company has a market capitalization of $6.10 billion, a PE ratio of 39.32, a PEG ratio of 0.57 and a beta of 1.68. 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 50 day moving average price of $147.33 and a 200 day moving average price of $168.68. 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 EPS 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 analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $2.25 EPS. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share 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.