Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,865 shares of the industrial products company's stock after selling 2,001 shares during the period. Chart Industries accounts for 2.1% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 2nd largest holding. Advantage Alpha Capital Partners LP owned approximately 0.11% of Chart Industries worth $8,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GTLS. Wellington Management Group LLP increased its holdings in Chart Industries by 90.9% in 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. Keybank National Association OH boosted its position in shares of Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock worth $47,087,000 after acquiring an additional 244,378 shares in the last quarter. Van Berkom & Associates Inc. purchased a new position in shares of Chart Industries in the 4th quarter valued at about $35,543,000. Braun Stacey Associates Inc. acquired a new stake in shares of Chart Industries during the 4th quarter worth about $16,631,000. Finally, WCM Investment Management LLC purchased a new stake in Chart Industries during the fourth quarter worth approximately $16,239,000.

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Analyst Ratings Changes

Several equities analysts have commented on GTLS shares. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Barclays increased their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Raymond James reissued a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Morgan Stanley cut 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. Three investment 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. Based on data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and a consensus price target of $202.33.

Chart Industries Stock Performance

GTLS traded down $6.15 on Friday, hitting $147.48. 477,035 shares of the company traded hands, compared to its average volume of 677,880. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a 50 day moving average of $181.51 and a 200-day moving average of $167.91. 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 stock has a market capitalization of $6.74 billion, a PE ratio of 42.75, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 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 analysts' expectations of $1.17 billion. During the same quarter last year, the company earned $2.25 EPS. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, the chief executive officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,109 shares of company stock worth $160,845. Company insiders own 0.95% of the company's stock.

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.