Heartland Advisors Inc. Sells 16,200 Shares of Chart Industries, Inc. (NYSE:GTLS)

Heartland Advisors Inc. decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,500 shares of the industrial products company's stock after selling 16,200 shares during the period. Chart Industries accounts for 1.4% of Heartland Advisors Inc.'s investment portfolio, making the stock its 7th biggest position. Heartland Advisors Inc. owned approximately 0.31% of Chart Industries worth $25,668,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Pictet Asset Management Holding SA boosted its stake in shares of Chart Industries by 17.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company's stock valued at $1,195,000 after acquiring an additional 918 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in Chart Industries by 50.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,135 shares of the industrial products company's stock valued at $789,000 after purchasing an additional 1,378 shares in the last quarter. Providence Capital Advisors LLC boosted its stake in shares of Chart Industries by 1.3% during the 4th quarter. Providence Capital Advisors LLC now owns 29,457 shares of the industrial products company's stock worth $5,622,000 after purchasing an additional 381 shares during the last quarter. Norges Bank purchased a new stake in shares of Chart Industries during the fourth quarter worth about $88,609,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Chart Industries by 6.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 80,127 shares of the industrial products company's stock valued at $15,292,000 after buying an additional 5,026 shares during the last quarter.

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Chart Industries Trading Up 1.0 %

Shares of Chart Industries stock traded up $1.39 during trading hours on Tuesday, hitting $145.75. The company's stock had a trading volume of 141,160 shares, compared to its average volume of 675,672. The business has a fifty day moving average of $180.10 and a 200 day moving average of $168.97. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year 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 company has a market capitalization of $6.66 billion, a PE ratio of 42.20, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly 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). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 earnings per share. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the stock in a transaction dated Monday, March 10th. The stock was 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 approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the company's stock in a transaction dated 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 completion of the transaction, the vice president now 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. In the last ninety days, insiders have purchased 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on GTLS shares. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Barclays lifted their price objective on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. TD Cowen increased their target price on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. The Goldman Sachs Group lifted 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. Finally, Citigroup upped their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Three research 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, Chart Industries has an average rating of "Moderate Buy" and an average price target of $202.33.

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.