Federated Hermes Inc. Lowers Position in Chart Industries, Inc. (NYSE:GTLS)

Federated Hermes Inc. decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,135 shares of the industrial products company's stock after selling 12,490 shares during the period. Federated Hermes Inc. owned approximately 0.95% of Chart Industries worth $77,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries during the fourth quarter worth about $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% in 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 period. Spire Wealth Management lifted its position 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 valued at $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after acquiring an additional 69 shares during the period.

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Insider Activity at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on 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 transaction, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. This trade 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 90 days. Insiders own 0.95% of the company's stock.

Analysts Set New Price Targets

GTLS has been the subject of several research reports. Morgan Stanley cut their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays lowered their price objective on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Thursday. The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Three investment 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 company's stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.42.

Chart Industries Trading Up 2.6 %

Shares of NYSE:GTLS traded up $3.22 during midday trading on Friday, reaching $124.96. The company's stock had a trading volume of 817,649 shares, compared to its average volume of 701,283. The firm has a 50 day moving average price of $161.53 and a two-hundred day moving average price of $168.72. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 0.57 and a beta of 1.68. 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 fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $2.25 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.