Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,660 shares of the industrial products company's stock after selling 3,731 shares during the quarter. Corebridge Financial Inc. owned about 0.16% of Chart Industries worth $13,103,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its position in shares of Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after buying an additional 48 shares during the last quarter. MML Investors Services LLC raised its stake in Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock worth $245,000 after acquiring an additional 63 shares in the last quarter. Assetmark Inc. lifted its position in Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock valued at $417,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted 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 acquiring an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares during the last quarter.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GTLS. Morgan Stanley reduced their target price on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Raymond James reissued a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Finally, BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $202.33.

Chart Industries Stock Performance

NYSE GTLS traded down $6.15 during trading hours on Friday, hitting $147.48. 477,035 shares of the stock were exchanged, compared to its average volume of 677,880. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a 50-day moving average of $181.51 and a 200 day moving average of $168.74.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business 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, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company's stock, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company's stock.

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.