Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,438 shares of the industrial products company's stock after selling 3,223 shares during the period. Chart Industries makes up about 1.9% of Emerald Advisers LLC's portfolio, making the stock its 5th biggest holding. Emerald Advisers LLC owned approximately 0.58% of Chart Industries worth $47,603,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GTLS. Wellington Management Group LLP lifted its position in Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after purchasing an additional 262,592 shares during the period. Keybank National Association OH lifted its holdings 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 during the period. Van Berkom & Associates Inc. acquired a new stake in shares of Chart Industries during the 4th quarter worth approximately $35,543,000. Braun Stacey Associates Inc. acquired a new position in Chart Industries during the fourth quarter valued at approximately $16,631,000. Finally, WCM Investment Management LLC bought a new stake in Chart Industries during the fourth quarter worth $16,239,000.

Insiders Place Their Bets

In related news, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gerald F. Vinci acquired 175 shares of the company's stock in a transaction dated 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 acquisition, the vice president now directly owns 475 shares of the company's stock, valued at approximately $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 three months, insiders have acquired 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company's stock.

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Chart Industries Trading Down 2.2 %

GTLS stock traded down $3.43 during midday trading on Thursday, hitting $153.54. The stock had a trading volume of 392,340 shares, compared to its average volume of 658,893. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.01 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The business has a fifty day moving average price of $182.86 and a two-hundred day moving average price of $167.65. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced 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). 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 analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GTLS. Wells Fargo & Company dropped their price target on Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group boosted their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. BTIG Research raised their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Finally, Barclays upped their price target 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. Three equities 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.