Duff & Phelps Investment Management Co. Sells 4,322 Shares of Chart Industries, Inc. (NYSE:GTLS)

Duff & Phelps Investment Management Co. lessened its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 61.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,757 shares of the industrial products company's stock after selling 4,322 shares during the period. Duff & Phelps Investment Management Co.'s holdings in Chart Industries were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company's stock worth $66,896,000 after purchasing an additional 386,821 shares during the period. Point72 Asset Management L.P. grew its position in shares of Chart Industries by 323.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company's stock valued at $60,067,000 after acquiring an additional 317,775 shares during the period. Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Chart Industries by 385.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company's stock worth $28,463,000 after purchasing an additional 156,562 shares during the period. Finally, Primecap Management Co. CA purchased a new position in Chart Industries during the second quarter valued at $14,333,000.

Insider Buying and Selling

In related news, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Linda S. Harty acquired 5,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,712 shares of company stock worth $431,982. Corporate insiders own 0.95% of the company's stock.

Chart Industries Price Performance

NYSE:GTLS traded up $1.00 during trading hours on Tuesday, reaching $192.08. The stock had a trading volume of 571,981 shares, compared to its average volume of 659,600. 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 stock has a market capitalization of $8.22 billion, a PE ratio of 55.68, a PEG ratio of 0.98 and a beta of 1.86. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The company has a 50 day moving average price of $153.36 and a two-hundred day moving average price of $141.68.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the company earned $1.28 EPS. Chart Industries's revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus increased their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. Morgan Stanley raised shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a report on Monday, September 16th. Finally, Bank of America decreased their price target on Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $178.82.

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.