F M Investments LLC Sells 60,471 Shares of Chart Industries, Inc. (NYSE:GTLS)

F M Investments LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,767 shares of the industrial products company's stock after selling 60,471 shares during the quarter. F M Investments LLC owned approximately 0.07% of Chart Industries worth $5,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Chart Industries during the fourth quarter valued at about $34,000. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after buying an additional 69 shares during the period.

Remove Ads

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price 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 represents a 4.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko bought 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 in the last three months. 0.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GTLS has been the topic of several recent research reports. Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays cut their target price on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.42.

Chart Industries Stock Performance

Shares of GTLS stock traded up $0.01 during trading hours on Tuesday, reaching $126.62. The company had a trading volume of 208,706 shares, compared to its average volume of 700,409. The firm has a market cap of $5.79 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The business has a fifty day moving average price of $159.79 and a 200-day moving average price of $169.04. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. 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 (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $2.25 earnings per share. Chart Industries's quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.