Chart Industries, Inc. (NYSE:GTLS) Stock Position Lowered by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 17.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 129,625 shares of the industrial products company's stock after selling 27,608 shares during the period. Chart Industries comprises 0.5% of Kennedy Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Kennedy Capital Management LLC owned approximately 0.30% of Chart Industries worth $24,738,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC raised its position in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth $34,000. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its stake in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after buying an additional 69 shares in the last quarter.

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Chart Industries Stock Down 0.6 %

NYSE GTLS traded down $0.72 on Tuesday, hitting $125.89. 218,733 shares of the stock traded hands, compared to its average volume of 700,455. The stock has a 50-day moving average of $159.79 and a 200 day moving average of $169.04. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market capitalization of $5.75 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 earnings per share. As a group, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the transaction, the director now owns 11,684 shares of the company's stock, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,109 shares of company stock valued at $160,845. Insiders own 0.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. TD Cowen lifted 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. Finally, Morgan Stanley cut their price target 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. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.42.

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.