Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 74.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,598 shares of the industrial products company's stock after selling 21,598 shares during the quarter. Trexquant Investment LP's holdings in Chart Industries were worth $1,450,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GTLS. Norges Bank purchased a new position in shares of Chart Industries in the 4th quarter valued at $88,609,000. Wellington Management Group LLP grew its holdings in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after purchasing an additional 262,592 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock worth $47,087,000 after purchasing an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of Chart Industries during the fourth quarter worth about $35,543,000. Finally, Braun Stacey Associates Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at about $16,631,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen lifted their price target on Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. 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 research report on Thursday, March 27th. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. Finally, Barclays decreased their target price 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, April 10th. Three 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.42.

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Insider Activity

In related news, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 directly owns 137,666 shares of the company's stock, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

Chart Industries Price Performance

Shares of NYSE GTLS traded up $0.43 during trading on Tuesday, hitting $127.04. 100,841 shares of the company were exchanged, compared to its average volume of 700,005. The firm's fifty day moving average price is $159.79 and its 200 day moving average price is $169.04. 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 $5.80 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year 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 analysts' consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted $2.25 earnings per share. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.