Wellington Shields Capital Management LLC Has $2.51 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Wellington Shields Capital Management LLC lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,140 shares of the industrial products company's stock after selling 4,300 shares during the quarter. Wellington Shields Capital Management LLC's holdings in Chart Industries were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new stake in Chart Industries in the fourth quarter valued at $34,000. Blue Trust Inc. lifted its stake in Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the last quarter. Spire Wealth Management lifted its stake 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 lifted 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 during the last quarter.

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Insider Buying and Selling

In other news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GTLS shares. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research note on Friday, December 20th. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Barclays lifted their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Citigroup lifted their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.08.

Chart Industries Price Performance

NYSE:GTLS traded down $1.83 during mid-day trading on Tuesday, reaching $149.89. 412,739 shares of the stock were exchanged, compared to its average volume of 659,293. The business has a fifty day moving average price of $190.50 and a 200 day moving average price of $166.11. The firm has a market capitalization of $6.85 billion, a PE ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. 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 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 analysts' expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 EPS. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.