Chart Industries, Inc. (NYSE:GTLS) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,106,493 shares of the industrial products company's stock after selling 205,879 shares during the quarter. William Blair Investment Management LLC owned approximately 2.59% of Chart Industries worth $159,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of GTLS. Norges Bank purchased a new position in shares of Chart Industries during the 4th quarter valued at $57,415,000. DAVENPORT & Co LLC bought a new stake in Chart Industries in the 1st quarter valued at $42,507,000. Gates Capital Management Inc. increased its holdings in Chart Industries by 50.5% in the 4th quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company's stock valued at $92,323,000 after acquiring an additional 227,280 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in Chart Industries in the 4th quarter valued at $27,672,000. Finally, Boston Partners bought a new stake in Chart Industries in the 1st quarter valued at $30,755,000.

Chart Industries Trading Up 3.0 %

Chart Industries stock traded up $3.36 during trading hours on Friday, hitting $114.98. The company had a trading volume of 949,808 shares, compared to its average volume of 606,899. The firm has a market cap of $4.92 billion, a P/E ratio of 114.98, a P/E/G ratio of 0.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $177.21. The company has a 50-day moving average price of $132.10 and a two-hundred day moving average price of $143.90.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.19 earnings per share. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 10.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Craig Hallum reduced their price target on shares of Chart Industries from $229.00 to $199.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Barclays reduced their price target on shares of Chart Industries from $193.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus restated a "buy" rating and issued a $199.00 target price on shares of Chart Industries in a report on Monday, August 26th. Evercore ISI upgraded shares of Chart Industries to a "strong-buy" rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and an average price target of $187.46.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction dated 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 owns 125,448 shares of the company's stock, valued at $14,339,960.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Paul E. Mahoney acquired 500 shares of Chart Industries stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,940 shares of company stock valued at $217,071. Company insiders own 0.95% of the company's stock.

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.