Kingfisher Capital LLC Has $2.34 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Kingfisher Capital LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,870 shares of the industrial products company's stock after selling 2,738 shares during the period. Kingfisher Capital LLC's holdings in Chart Industries were worth $2,343,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. EFG Asset Management North America Corp. lifted its position in Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock valued at $1,916,000 after buying an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 64 shares during the period. Arizona State Retirement System raised its stake in shares of Chart Industries by 0.7% during the second quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company's stock valued at $1,708,000 after purchasing an additional 87 shares during the period. Aristeia Capital L.L.C. raised its stake in shares of Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company's stock valued at $377,000 after purchasing an additional 92 shares during the period. Finally, Register Financial Advisors LLC raised its stake in shares of Chart Industries by 1.6% during the second quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company's stock valued at $918,000 after purchasing an additional 100 shares during the period.

Chart Industries Price Performance

Chart Industries stock traded down $2.35 during midday trading on Friday, hitting $193.25. The company's stock had a trading volume of 479,043 shares, compared to its average volume of 658,359. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $142.42 and its 200-day moving average price is $139.85. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $196.91. The company has a market capitalization of $8.27 billion, a PE ratio of 55.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71.

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

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of analyst reports. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Wells Fargo & Company dropped their price target on shares of Chart Industries from $151.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. 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. According to MarketBeat.com, Chart Industries presently has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of the business's stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of the business's stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now 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. Over the last three months, insiders have acquired 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by corporate 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.