Chart Industries, Inc. (NYSE:GTLS) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 20.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,745 shares of the industrial products company’s stock after selling 2,032 shares during the period. ProShare Advisors LLC’s holdings in Chart Industries were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. Capital World Investors raised its position in shares of Chart Industries by 0.4% during the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after purchasing an additional 17,450 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Chart Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after acquiring an additional 45,137 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after acquiring an additional 25,000 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Chart Industries by 6.3% in the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after acquiring an additional 59,322 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Chart Industries by 10.7% during the second quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock worth $111,209,000 after purchasing an additional 74,519 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on GTLS. Barclays decreased their price objective on Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Morgan Stanley raised 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 note on Monday, September 16th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Craig Hallum decreased their target price on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.45.

Insider Activity at Chart Industries

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

Chart Industries Stock Up 1.2 %

GTLS stock opened at $125.70 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $173.65. The firm has a market cap of $5.38 billion, a PE ratio of 125.70, a PEG ratio of 0.39 and a beta of 1.70. The firm’s 50 day moving average price is $125.80 and its 200-day moving average price is $142.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last posted 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries’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 earned $1.19 EPS. On average, equities research analysts anticipate that Chart Industries, Inc. will post 10.72 EPS for the current year.

About Chart Industries

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.