Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 96.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,222 shares of the industrial products company’s stock after selling 347,096 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Chart Industries were worth $2,714,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its stake in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Chart Industries in the 4th quarter valued at approximately $34,000. Blue Trust Inc. raised its position in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management lifted its stake in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares during the period.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $151.44 on Thursday. The firm’s 50-day simple moving average is $177.40 and its 200 day simple moving average is $169.07. The stock has a market cap of $6.92 billion, a P/E ratio of 43.90, a P/E/G ratio of 0.57 and a beta of 1.87. 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 fifty-two week low of $101.60 and a fifty-two week high of $220.03.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GTLS. Barclays increased their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. BTIG Research raised their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Citigroup upped their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley cut their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.83.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by corporate insiders.

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.