Thrivent Financial for Lutherans Sells 6,874,281 Shares of Chart Industries, Inc. (NYSE:GTLS)

Thrivent Financial for Lutherans trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 99.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,877 shares of the industrial products company's stock after selling 6,874,281 shares during the quarter. Thrivent Financial for Lutherans' holdings in Chart Industries were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company's stock valued at $66,896,000 after buying an additional 386,821 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Chart Industries by 323.0% during the second quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company's stock worth $60,067,000 after purchasing an additional 317,775 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company's stock worth $28,463,000 after acquiring an additional 156,562 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Chart Industries in the 2nd quarter worth approximately $14,333,000. Finally, DDD Partners LLC purchased a new position in Chart Industries in the 2nd quarter worth $14,286,000.

Chart Industries Stock Up 0.1 %

Shares of GTLS stock traded up $0.15 during trading hours on Monday, hitting $193.40. 746,924 shares of the company were exchanged, compared to its average volume of 658,741. The company has a market capitalization of $8.28 billion, a PE ratio of 55.44, a PEG ratio of 0.99 and a beta of 1.71. The business has a 50 day moving average of $143.84 and a two-hundred day moving average of $139.86. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. 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 posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm's revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on GTLS shares. Evercore ISI upgraded Chart Industries to a "strong-buy" rating in a research report on Monday, August 5th. Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday. Finally, Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Mahoney acquired 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares of the company's stock, valued at $224,500.85. The trade was a 31.11 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,152 shares of company stock worth $482,278 in the last ninety days. 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.