Harvey Partners LLC Lowers Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Harvey Partners LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 34.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,250 shares of the industrial products company's stock after selling 43,250 shares during the period. Harvey Partners LLC owned approximately 0.19% of Chart Industries worth $10,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the third quarter valued at $34,000. Byrne Asset Management LLC purchased a new stake in Chart Industries during the 2nd quarter worth approximately $40,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new stake in shares of Chart Industries during the second quarter worth about $50,000. Finally, Central Bank & Trust Co. purchased a new stake in Chart Industries in the 2nd quarter worth approximately $86,000.

Chart Industries Trading Up 0.9 %

Chart Industries stock traded up $1.65 during trading hours on Tuesday, reaching $193.90. The stock had a trading volume of 559,216 shares, compared to its average volume of 658,313. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The stock has a market cap of $8.30 billion, a PE ratio of 56.17, a PEG ratio of 0.99 and a beta of 1.86. The company has a fifty day simple moving average of $145.20 and a 200-day simple moving average of $140.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

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

Insider Transactions at Chart Industries

In related news, Director Paul E. Mahoney acquired 500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the acquisition, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 31.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock worth $482,278 over the last 90 days. 0.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GTLS shares. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Raymond James reiterated a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $178.82.

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.