Royce & Associates LP Sells 25,400 Shares of Chart Industries, Inc. (NYSE:GTLS)

Royce & Associates LP decreased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,560 shares of the industrial products company's stock after selling 25,400 shares during the quarter. Royce & Associates LP owned approximately 0.26% of Chart Industries worth $21,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. King Luther Capital Management Corp raised its holdings in Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock worth $128,100,000 after acquiring an additional 29,139 shares during the period. Geode Capital Management LLC lifted its position in shares of Chart Industries by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after purchasing an additional 19,534 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after purchasing an additional 32,442 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after purchasing an additional 13,181 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock valued at $68,461,000 after buying an additional 262,592 shares during the last quarter.

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Insiders Place Their Bets

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 shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares of the company's stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by insiders.

Chart Industries Price Performance

GTLS stock traded up $0.63 during trading on Thursday, hitting $155.48. The company had a trading volume of 605,147 shares, compared to its average volume of 660,292. The company has a fifty day moving average price of $188.57 and a two-hundred day moving average price of $166.22. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a market cap of $7.10 billion, a P/E ratio of 45.07, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Analyst Ratings Changes

A number of research analysts have recently commented on GTLS shares. BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company decreased their price target on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus upped their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.08.

Chart Industries 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.