Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 56.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,191 shares of the industrial products company’s stock after selling 31,833 shares during the quarter. Candriam S.C.A.’s holdings in Chart Industries were worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Archford Capital Strategies LLC increased its stake in Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 48 shares during the last quarter. MML Investors Services LLC increased its stake in Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 63 shares during the last quarter. Assetmark Inc. increased its stake in Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. increased its stake in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the last quarter.

Chart Industries Trading Up 4.0 %

Shares of GTLS opened at $149.89 on Friday. The company has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a 50-day moving average price of $196.25 and a 200 day moving average price of $164.79.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.25 EPS. Sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction on Thursday, March 6th. The shares were bought 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 in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GTLS shares. Stifel Nicolaus upped their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. 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 note on Monday, December 16th. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Barclays upped their price target on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.08.

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.