Diametric Capital LP Reduces Position in Chart Industries, Inc. (NYSE:GTLS)

Diametric Capital LP cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,930 shares of the industrial products company's stock after selling 3,249 shares during the period. Diametric Capital LP's holdings in Chart Industries were worth $368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. The Manufacturers Life Insurance Company lifted its position in shares of Chart Industries by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 56,931 shares of the industrial products company's stock worth $7,067,000 after purchasing an additional 389 shares during the period. BNP Paribas Financial Markets lifted its holdings in Chart Industries by 41.9% in the third quarter. BNP Paribas Financial Markets now owns 25,853 shares of the industrial products company's stock worth $3,209,000 after buying an additional 7,634 shares during the period. Glenmede Trust Co. NA lifted its holdings in Chart Industries by 2.4% in the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company's stock worth $595,000 after buying an additional 114 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Chart Industries by 6.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,256 shares of the industrial products company's stock valued at $4,625,000 after acquiring an additional 2,249 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Chart Industries by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 59,527 shares of the industrial products company's stock worth $7,390,000 after acquiring an additional 2,031 shares during the period.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. TD Cowen boosted 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 upped their price objective on shares of Chart Industries from $145.00 to $165.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Stifel Nicolaus lifted their target price 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. Finally, BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.83.

Insider Buying and Selling

In other news, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares of the company's stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty acquired 500 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by insiders.

Chart Industries Price Performance

Shares of GTLS traded down $9.27 during trading hours on Friday, reaching $115.48. 1,838,447 shares of the stock traded hands, compared to its average volume of 688,583. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-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 company has a market cap of $5.28 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company's 50-day moving average price is $173.52 and its two-hundred day moving average price is $169.09.

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

Chart Industries 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.