Geode Capital Management LLC Has $188.93 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Geode Capital Management LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 0.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 989,753 shares of the industrial products company's stock after selling 3,446 shares during the period. Geode Capital Management LLC owned about 2.31% of Chart Industries worth $188,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GTLS. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of Chart Industries during the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased 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 worth $35,000 after purchasing an additional 65 shares during the period. Spire Wealth Management boosted its holdings 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 valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after acquiring an additional 69 shares in the last quarter.

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Chart Industries Price Performance

GTLS stock traded up $3.22 during trading on Friday, hitting $124.96. The company had a trading volume of 817,649 shares, compared to its average volume of 701,283. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week 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. The business has a 50 day moving average of $161.53 and a 200 day moving average of $168.72. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its 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). 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 analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $2.25 EPS. Chart Industries's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Gerald F. Vinci acquired 175 shares of the firm's 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 completion of the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 over the last ninety days. 0.95% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price objective 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. Barclays cut their price objective 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. TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley decreased their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. Three equities research 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $201.42.

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.