Prudential Financial Inc. Sells 12,370 Shares of Chart Industries, Inc. (NYSE:GTLS)

Prudential Financial Inc. reduced its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,204 shares of the industrial products company's stock after selling 12,370 shares during the quarter. Prudential Financial Inc.'s holdings in Chart Industries were worth $802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTLS. Archford Capital Strategies LLC raised its stake in Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Chart Industries by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares during the last quarter. Assetmark Inc. increased its position in Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. lifted its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 65 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock valued at $44,000 after buying an additional 69 shares in the last quarter.

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Insider Buying and Selling at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company's stock.

Chart Industries Trading Up 2.6 %

Shares of NYSE:GTLS traded up $3.22 during mid-day trading on Friday, hitting $124.96. The company had a trading volume of 817,649 shares, compared to its average volume of 701,283. 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, Inc. has a one year low of $101.60 and a one year high of $220.03. The firm has a fifty day moving average price of $161.53 and a 200 day moving average price of $168.72. The company has a market capitalization of $5.71 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GTLS. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Wells Fargo & Company dropped their target price on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley lowered their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Barclays dropped their price objective on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Three research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $201.42.

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.