Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,276 shares of the industrial products company's stock after selling 13,980 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Chart Industries worth $4,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC lifted its holdings in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at $34,000. Blue Trust Inc. grew its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the period. Spire Wealth Management increased its position in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Chart Industries by 43.4% in the 4th 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 period.

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Insider Transactions at Chart Industries

In related news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the business's 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 completion of the purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Stock Down 1.2 %

NYSE:GTLS traded down $1.83 during mid-day trading on Tuesday, hitting $149.89. The stock had a trading volume of 412,735 shares, compared to its average volume of 659,293. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a 50-day simple moving average of $190.50 and a two-hundred day simple moving average of $166.11. 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 company 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 (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 for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 earnings per share. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted 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 shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 3rd. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Barclays lifted their price objective on 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, Wells Fargo & Company decreased their target price on Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.08.

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.