Victory Capital Management Inc. Trims Stake in Chart Industries, Inc. (NYSE:GTLS)

Victory Capital Management Inc. trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 339,996 shares of the industrial products company's stock after selling 48,740 shares during the quarter. Victory Capital Management Inc. owned approximately 0.79% of Chart Industries worth $64,885,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Chart Industries by 129.6% during the 4th 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 in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the 3rd quarter worth approximately $34,000. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Spire Wealth Management boosted its position in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $56,000.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko acquired 350 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.95% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on GTLS shares. BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research report on Friday, December 20th. TD Cowen upped their price objective on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company lowered their price objective on Chart Industries from $215.00 to $214.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of "Moderate Buy" and a consensus price target of $194.08.

Chart Industries Price Performance

GTLS stock traded up $5.74 during trading on Friday, reaching $149.89. The company's stock had a trading volume of 1,031,940 shares, compared to its average volume of 734,971. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company's fifty day moving average is $196.25 and its 200-day moving average is $164.79.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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. On average, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Company 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.