William Blair Investment Management LLC Cuts Holdings in Chart Industries, Inc. (NYSE:GTLS)

William Blair Investment Management LLC lessened its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,092,873 shares of the industrial products company's stock after selling 240,379 shares during the period. William Blair Investment Management LLC owned about 2.55% of Chart Industries worth $208,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GTLS. Parallel Advisors LLC lifted its stake in Chart Industries by 3,830.9% during the 4th quarter. Parallel Advisors LLC now owns 2,673 shares of the industrial products company's stock valued at $510,000 after acquiring an additional 2,605 shares during the period. Cibc World Markets Corp bought a new position in Chart Industries in the fourth quarter valued at about $768,000. Harbour Investments Inc. lifted its holdings in Chart Industries by 40.7% in the fourth quarter. Harbour Investments Inc. now owns 2,163 shares of the industrial products company's stock valued at $413,000 after acquiring an additional 626 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Chart Industries by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company's stock valued at $356,000 after purchasing an additional 114 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Chart Industries by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,569 shares of the industrial products company's stock worth $1,444,000 after purchasing an additional 326 shares during the period.

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Insider Buying and Selling at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price 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 in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock worth $160,845 over the last 90 days. Company insiders own 0.95% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GTLS. Wells Fargo & Company cut their target price on shares of Chart Industries from $215.00 to $214.00 and set an "overweight" rating for the company 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. BTIG Research upped 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. Raymond James reaffirmed a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. Finally, Barclays boosted their price objective on Chart Industries from $145.00 to $165.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.08.

Chart Industries Price Performance

Chart Industries stock traded down $0.00 during midday trading on Friday, reaching $155.34. 1,060,387 shares of the stock traded hands, compared to its average volume of 661,876. The stock has a market cap of $7.10 billion, a P/E ratio of 45.03, a PEG ratio of 0.57 and a beta of 1.87. The stock's fifty day moving average is $187.64 and its 200-day moving average is $166.15. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $2.25 earnings per share. Chart Industries's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.