Sequoia Financial Advisors LLC Sells 3,913 Shares of Chart Industries, Inc. (NYSE:GTLS)

Sequoia Financial Advisors LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 29.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,501 shares of the industrial products company’s stock after selling 3,913 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chart Industries were worth $1,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. EFG Asset Management North America Corp. raised its holdings in Chart Industries by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 64 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after buying an additional 87 shares during the last quarter. Aristeia Capital L.L.C. grew its stake in shares of Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after buying an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC increased its holdings in Chart Industries by 1.6% during the second quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after buying an additional 100 shares during the last quarter.

Chart Industries Stock Up 1.0 %

GTLS stock opened at $123.89 on Friday. The business’s fifty day moving average price is $121.10 and its two-hundred day moving average price is $138.17. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 123.89, a PEG ratio of 0.40 and a beta of 1.70. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $1.19 EPS. Chart Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Chart Industries, Inc. will post 10.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock valued at $482,278 over the last 90 days. 0.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group reduced their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research note on Monday, September 16th. Wells Fargo & Company cut their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus decreased their target price on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.00.

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.