Rockefeller Capital Management L.P. Sells 9,620 Shares of Chart Industries, Inc. (NYSE:GTLS)

Rockefeller Capital Management L.P. reduced its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,907 shares of the industrial products company's stock after selling 9,620 shares during the period. Rockefeller Capital Management L.P. owned 0.12% of Chart Industries worth $9,524,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTLS. Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley lowered their price target on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. TD Cowen upped their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Wells Fargo & Company reduced their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Finally, Barclays lowered their price objective on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Chart Industries Stock Up 1.9 %

Shares of GTLS stock traded up $2.30 on Tuesday, hitting $121.02. The company's stock had a trading volume of 1,069,748 shares, compared to its average volume of 708,147. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The firm's fifty day moving average price is $151.14 and its 200-day moving average price is $168.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

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 for the quarter, missing analysts' consensus estimates 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 return on equity of 13.25% and a net margin of 4.30%. Chart Industries's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.25 EPS. Research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock valued at $160,845 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

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.