Evercore Wealth Management LLC Decreases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Evercore Wealth Management LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,396 shares of the industrial products company's stock after selling 7,095 shares during the quarter. Evercore Wealth Management LLC owned 0.05% of Chart Industries worth $4,465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. MML Investors Services LLC increased its holdings in shares of Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares during the period. Virtu Financial LLC acquired a new position in Chart Industries in the 3rd quarter worth about $251,000. Retirement Systems of Alabama lifted its position in shares of Chart Industries by 0.9% during the 3rd quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company's stock valued at $14,256,000 after buying an additional 996 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock valued at $2,744,000 after purchasing an additional 15,862 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Chart Industries by 4.2% in the 3rd 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.

Chart Industries Stock Up 5.4 %

GTLS stock opened at $127.59 on Thursday. The company's 50 day moving average is $149.80 and its two-hundred day moving average is $168.55. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month 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 stock has a market cap of $5.73 billion, a P/E ratio of 36.98, a PEG ratio of 0.57 and a beta of 1.68.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GTLS shares. Citigroup raised their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. TD Cowen increased their target price on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Barclays decreased their price target on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $200.00.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 500 shares of the stock in a transaction dated 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 purchase, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock valued at $160,845 over the last quarter. 0.95% of the stock is currently owned by insiders.

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.

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