Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,282 shares of the industrial products company's stock after selling 10,351 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Chart Industries worth $57,688,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. King Luther Capital Management Corp increased its stake in Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock valued at $128,100,000 after purchasing an additional 29,139 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 2.0% in 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 in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after acquiring an additional 32,442 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 262,592 shares in the last quarter.

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Chart Industries Price Performance

Shares of NYSE GTLS traded up $5.74 on Friday, hitting $149.89. The company's stock had a trading volume of 1,031,940 shares, compared to its average volume of 734,971. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a 50 day moving average of $197.11 and a 200-day moving average of $164.24.

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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the company earned $2.25 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GTLS shares. Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a report on Tuesday. Raymond James reaffirmed a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, BTIG Research boosted their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $194.08.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $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 at this hyperlink. Insiders own 0.95% of the company's stock.

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.