Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Commerce Bank

Commerce Bank decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,701 shares of the industrial products company’s stock after selling 75 shares during the period. Commerce Bank’s holdings in Chart Industries were worth $335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries during the third quarter valued at approximately $34,000. Byrne Asset Management LLC acquired a new position in shares of Chart Industries during the 2nd quarter valued at $40,000. UMB Bank n.a. raised its stake in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new stake in shares of Chart Industries in the second quarter valued at $50,000. Finally, Advisors Asset Management Inc. boosted its stake in Chart Industries by 37.9% during the first quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock valued at $94,000 after buying an additional 157 shares in the last quarter.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $190.60 on Wednesday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $192.99. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market cap of $8.16 billion, a PE ratio of 55.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.71. The business has a fifty day simple moving average of $138.11 and a 200-day simple moving average of $138.78.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GTLS shares. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research report on Monday, September 16th. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group reduced their target price 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. Stifel Nicolaus upped their price target on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Barclays reduced their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $178.82.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 1,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the transaction, the director now owns 10,640 shares in the company, valued at approximately $1,207,640. The trade was a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company’s stock.

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.