Kingsview Wealth Management LLC Sells 2,812 Shares of Chart Industries, Inc. (NYSE:GTLS)

Kingsview Wealth Management LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 26.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,794 shares of the industrial products company's stock after selling 2,812 shares during the period. Kingsview Wealth Management LLC's holdings in Chart Industries were worth $968,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in shares of Chart Industries by 49.6% in the 3rd quarter. Cerity Partners LLC now owns 56,702 shares of the industrial products company's stock worth $7,039,000 after purchasing an additional 18,795 shares in the last quarter. Investors Research Corp purchased a new stake in shares of Chart Industries during the third quarter worth $403,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chart Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company's stock valued at $62,304,000 after buying an additional 11,706 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Chart Industries during the 3rd quarter worth $335,000. Finally, Primecap Management Co. CA raised its holdings in Chart Industries by 56.7% during the third quarter. Primecap Management Co. CA now owns 155,600 shares of the industrial products company's stock valued at $19,316,000 after buying an additional 56,300 shares in the last quarter.

Insider Buying and Selling

In related news, Director Paul E. Mahoney purchased 500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now owns 2,107 shares of the company's stock, valued at $224,500.85. This represents a 31.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,152 shares of company stock worth $482,278 in the last ninety days. Company insiders own 0.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Morgan Stanley raised 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 report on Monday, September 16th. Barclays lowered their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three equities research 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.82.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $5.00 during trading on Wednesday, hitting $195.60. 813,764 shares of the company were exchanged, compared to its average volume of 659,139. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.18. The company has a market capitalization of $8.37 billion, a P/E ratio of 56.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. 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 business's 50 day moving average is $139.52 and its 200-day moving average is $139.06.

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

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.