Corient Private Wealth LLC Decreases Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Corient Private Wealth LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,327 shares of the industrial products company's stock after selling 1,771 shares during the quarter. Corient Private Wealth LLC owned 0.08% of Chart Industries worth $6,551,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. King Luther Capital Management Corp boosted its stake in Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock valued at $128,100,000 after acquiring an additional 29,139 shares during the last quarter. Geode Capital Management LLC grew its holdings in Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock valued at $123,318,000 after purchasing an additional 19,534 shares during the period. Principal Financial Group Inc. increased its position in 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 buying an additional 32,442 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after buying an additional 262,592 shares during the last quarter.

Remove Ads

Analyst Ratings Changes

Several brokerages recently weighed in on GTLS. Barclays lifted their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Raymond James restated a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Finally, The Goldman Sachs Group lifted their price target on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $196.08.

Chart Industries Trading Down 1.1 %

NYSE:GTLS traded down $1.81 during trading hours on Tuesday, reaching $161.11. The company's stock had a trading volume of 471,516 shares, compared to its average volume of 660,285. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 0.57 and a beta of 1.87. The firm has a 50-day simple moving average of $186.11 and a 200-day simple moving average of $167.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $2.25 earnings per share. Research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Linda S. Harty bought 500 shares of the company's stock in a transaction on Monday, March 10th. The shares were acquired 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 of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now directly owns 475 shares of the company's stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

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.