Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,228 shares of the industrial products company's stock after selling 53,254 shares during the quarter. Wellington Management Group LLP owned approximately 1.09% of Chart Industries worth $95,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings 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 worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries in the 4th quarter worth approximately $34,000. Blue Trust Inc. boosted its stake in shares of Chart Industries by 56.0% during the fourth 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 in the last quarter. Spire Wealth Management increased its holdings in 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 increased its holdings in 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 period.

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Wall Street Analyst Weigh In

GTLS has been the topic of several recent research reports. TD Cowen increased their target price on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Morgan Stanley decreased 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. Finally, Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.83.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares of the company's stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

Shares of GTLS traded up $2.29 during trading hours on Tuesday, reaching $120.57. 356,208 shares of the company traded hands, compared to its average volume of 729,542. 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 business has a fifty day moving average price of $171.82 and a 200-day moving average price of $169.38. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market capitalization of $5.51 billion, a P/E ratio of 34.95, a P/E/G 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS 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.