Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Decreased by Front Row Advisors LLC

Front Row Advisors LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,121 shares of the industrial products company’s stock after selling 973 shares during the period. Front Row Advisors LLC’s holdings in Chart Industries were worth $1,028,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in Chart Industries during the 1st quarter worth approximately $30,000. Rise Advisors LLC lifted its stake in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Byrne Asset Management LLC acquired a new position in Chart Industries in the second quarter worth $40,000. Covestor Ltd increased its stake in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 311 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Chart Industries by 37.9% during the first quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 157 shares during the period.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target 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. Wells Fargo & Company decreased their target price on Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Morgan Stanley upgraded 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 reduced their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI raised 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 issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and an average price target of $180.45.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $125.70 on Friday. The firm’s 50-day simple moving average is $125.80 and its 200 day simple moving average is $142.41. The stock has a market cap of $5.38 billion, a P/E ratio of 125.70, a P/E/G ratio of 0.39 and a beta of 1.70. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $173.65.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. Equities analysts expect that Chart Industries, Inc. will post 10.72 EPS for the current year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction 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 approximately $14,339,960.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction that occurred 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 purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 7,152 shares of company stock valued at $482,278. 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.