Cerity Partners LLC Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Cerity Partners LLC trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,616 shares of the industrial products company's stock after selling 14,086 shares during the quarter. Cerity Partners LLC owned about 0.10% of Chart Industries worth $8,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Chart Industries by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 12,645 shares of the industrial products company's stock valued at $1,567,000 after acquiring an additional 177 shares in the last quarter. National Bank of Canada FI increased its stake in Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock valued at $839,000 after buying an additional 5,181 shares during the last quarter. MML Investors Services LLC lifted its position 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 buying an additional 63 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Chart Industries in the 3rd quarter worth approximately $231,000. Finally, Geode Capital Management LLC increased its position in shares of 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 valued at $123,318,000 after acquiring an additional 19,534 shares during the last quarter.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Wells Fargo & Company reduced their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Morgan Stanley dropped their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.42.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, 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. Over the last three months, insiders have purchased 1,109 shares of company stock valued at $160,845. Insiders own 0.95% of the company's stock.

Chart Industries Trading Down 0.9 %

Shares of NYSE GTLS traded down $1.12 during midday trading on Tuesday, hitting $125.49. 497,384 shares of the company traded hands, compared to its average volume of 701,527. 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, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a 50-day moving average price of $159.79 and a 200 day moving average price of $169.04. The firm has a market cap of $5.73 billion, a P/E ratio of 36.37, a P/E/G ratio of 0.57 and a beta of 1.68.

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 the consensus estimate 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 last year, the company posted $2.25 EPS. As a group, analysts expect that Chart Industries, Inc. will post 9.02 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.