Chart Industries, Inc. (NYSE:GTLS) is Penn Capital Management Company LLC's Largest Position

Penn Capital Management Company LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,983 shares of the industrial products company's stock after selling 8,281 shares during the quarter. Chart Industries accounts for approximately 1.9% of Penn Capital Management Company LLC's holdings, making the stock its largest holding. Penn Capital Management Company LLC owned 0.23% of Chart Industries worth $18,890,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. MML Investors Services LLC increased its position in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after acquiring an additional 63 shares during the period. Virtu Financial LLC purchased a new stake in Chart Industries during the 3rd quarter valued at about $251,000. Retirement Systems of Alabama increased its holdings in shares of Chart Industries by 0.9% in the third quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company's stock valued at $14,256,000 after purchasing an additional 996 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock valued at $2,744,000 after purchasing an additional 15,862 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after purchasing an additional 32,442 shares during the last quarter.

Insiders Place Their Bets

In related news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,109 shares of company stock worth $160,845. Company insiders own 0.99% of the company's stock.

Chart Industries Price Performance

Shares of Chart Industries stock traded up $2.43 on Friday, hitting $135.67. The company's stock had a trading volume of 391,753 shares, compared to its average volume of 711,547. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a fifty day moving average price of $147.33 and a 200-day moving average price of $168.98.

Chart Industries (NYSE:GTLS - Get Free Report) last posted 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen increased their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Barclays reduced their target price on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Finally, Citigroup increased their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.67.

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.