Pendal Group Ltd lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,836 shares of the industrial products company’s stock after selling 90,004 shares during the quarter. Pendal Group Ltd owned about 0.97% of Chart Industries worth $41,118,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of GTLS. Advisor Group Holdings Inc. increased its stake in shares of Chart Industries by 32.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,156 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 285 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Chart Industries by 70.8% during the 1st quarter. JPMorgan Chase & Co. now owns 85,635 shares of the industrial products company’s stock valued at $14,709,000 after acquiring an additional 35,500 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Chart Industries by 11.4% during the 1st quarter. Blair William & Co. IL now owns 2,484 shares of the industrial products company’s stock valued at $427,000 after acquiring an additional 255 shares during the last quarter. Sei Investments Co. increased its stake in shares of Chart Industries by 7.8% during the 1st quarter. Sei Investments Co. now owns 31,481 shares of the industrial products company’s stock valued at $5,401,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in Chart Industries by 60.0% during the 1st quarter. Baird Financial Group Inc. now owns 28,427 shares of the industrial products company’s stock worth $4,883,000 after purchasing an additional 10,664 shares in the last quarter.
Insider Activity
In other news, VP Gerald F. Vinci purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were acquired at an average cost of $119.28 per share, with a total value of $35,784.00. Following the transaction, the vice president now owns 300 shares in the company, valued at approximately $35,784. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were acquired at an average cost of $105.01 per share, with a total value of $525,050.00. Following the transaction, the director now owns 6,067 shares in the company, valued at approximately $637,095.67. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gerald F. Vinci purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were purchased at an average cost of $119.28 per share, for a total transaction of $35,784.00. Following the completion of the transaction, the vice president now owns 300 shares in the company, valued at approximately $35,784. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,875 shares of company stock worth $836,825. 0.80% of the stock is currently owned by insiders.
Chart Industries Stock Performance
Chart Industries stock opened at $111.59 on Friday. The stock has a market cap of $4.77 billion, a P/E ratio of 195.77 and a beta of 1.46. The company has a current ratio of 3.41, a quick ratio of 3.08 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $130.54 and a 200-day moving average of $151.54. Chart Industries, Inc. has a 52 week low of $101.44 and a 52 week high of $242.59.
Chart Industries (NYSE:GTLS – Get Rating) last released its earnings results on Friday, February 24th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. The company had revenue of $441.40 million during the quarter, compared to analysts’ expectations of $490.88 million. Chart Industries had a return on equity of 7.84% and a net margin of 1.40%. The business’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, analysts expect that Chart Industries, Inc. will post 6.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on GTLS shares. Evercore ISI started coverage on shares of Chart Industries in a research report on Tuesday, March 21st. They set an “outperform” rating and a $217.00 target price for the company. TheStreet downgraded shares of Chart Industries from a “b-” rating to a “c” rating in a research report on Friday, February 24th. Raymond James raised shares of Chart Industries from a “market perform” rating to a “strong-buy” rating and set a $160.00 target price for the company in a research report on Wednesday, January 4th. Citigroup dropped their target price on shares of Chart Industries from $196.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, November 29th. Finally, Craig Hallum dropped their target price on shares of Chart Industries from $249.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.06.
Chart Industries Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.