Blair William & Co. IL Decreases Holdings in Chart Industries, Inc. (NYSE:GTLS)

Blair William & Co. IL lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 15.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,571 shares of the industrial products company’s stock after selling 849 shares during the period. Blair William & Co. IL’s holdings in Chart Industries were worth $660,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after acquiring an additional 386,821 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Chart Industries during the first quarter valued at approximately $42,507,000. Gates Capital Management Inc. grew its stake in shares of Chart Industries by 50.5% during the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after buying an additional 227,280 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth approximately $27,672,000. Finally, Boston Partners bought a new stake in shares of Chart Industries during the 1st quarter worth approximately $30,755,000.

Insider Activity at Chart Industries

In other news, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $240,250. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock valued at $482,278 over the last 90 days. Insiders own 0.95% of the company’s stock.

Chart Industries Stock Down 1.3 %

Shares of NYSE GTLS opened at $122.91 on Thursday. The stock has a market capitalization of $5.26 billion, a PE ratio of 122.91, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $173.65. The stock’s fifty day simple moving average is $127.33 and its two-hundred day simple moving average is $142.69.

Chart Industries (NYSE:GTLS) last announced its 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 during the quarter, compared to the consensus estimate of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share. As a group, analysts expect that Chart Industries, Inc. will post 10.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on GTLS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $199.00 target price on shares of Chart Industries in a research note on Monday, August 26th. Wells Fargo & Company reduced their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Bank of America upped their target price on shares of Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Craig Hallum decreased their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.45.

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.