Ameritas Investment Partners Inc. Sells 547 Shares of Chart Industries, Inc. (NYSE:GTLS)

Ameritas Investment Partners Inc. cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,078 shares of the industrial products company’s stock after selling 547 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Chart Industries were worth $1,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EFG Asset Management North America Corp. boosted its holdings in Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Chart Industries by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after buying an additional 64 shares in the last quarter. Banque Cantonale Vaudoise grew its position in Chart Industries by 5.1% during the first quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after buying an additional 85 shares in the last quarter. Arizona State Retirement System increased its stake in 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 worth $1,708,000 after acquiring an additional 87 shares during the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of Chart Industries by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after acquiring an additional 100 shares in the last quarter.

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Mahoney purchased 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the acquisition, the director now owns 2,107 shares of the company’s stock, valued at $224,500.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. Craig Hallum decreased their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $199.00 price target on shares of Chart Industries in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.08.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $122.43 on Monday. 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, Inc. has a one year low of $101.60 and a one year high of $173.65. The business’s 50 day simple moving average is $129.79 and its two-hundred day simple moving average is $143.09. The stock has a market capitalization of $5.24 billion, a P/E ratio of 122.43, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. Analysts forecast that Chart Industries, Inc. will post 10.57 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.