Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 41.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,242 shares of the industrial products company's stock after selling 94,985 shares during the quarter. Russell Investments Group Ltd. owned 0.32% of Chart Industries worth $26,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC increased its position in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new position in Chart Industries during the 4th quarter valued at about $34,000. Blue Trust Inc. raised its position in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares during the period. Spire Wealth Management boosted its position in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after buying an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Chart Industries by 43.4% during 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 during the last quarter.

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Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 1,109 shares of company stock worth $160,845 in the last quarter. 0.95% of the stock is owned by insiders.

Chart Industries Stock Up 1.9 %

Shares of NYSE GTLS traded up $2.41 during midday trading on Monday, hitting $127.65. 95,783 shares of the company's stock were exchanged, compared to its average volume of 700,282. The firm's fifty day simple moving average is $161.53 and its 200-day simple moving average is $169.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $5.83 billion, a PE ratio of 37.00, a P/E/G ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on GTLS shares. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Barclays lowered 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 research note on Thursday. Finally, Morgan Stanley reduced their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.42.

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.