Crossmark Global Holdings Inc. Sells 2,036 Shares of Chart Industries, Inc. (NYSE:GTLS)

Crossmark Global Holdings Inc. decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.9% during the third quarter, HoldingsChannel reports. The firm owned 2,947 shares of the industrial products company’s stock after selling 2,036 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Chart Industries were worth $365,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries during the first quarter valued at approximately $30,000. Empowered Funds LLC purchased a new stake in shares of Chart Industries in the 1st quarter worth about $256,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Chart Industries by 7.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,613 shares of the industrial products company’s stock worth $760,000 after buying an additional 330 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Chart Industries by 21.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,522 shares of the industrial products company’s stock worth $2,392,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Chart Industries by 1.1% during the 1st 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 period.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $165.62 on Monday. The firm’s 50-day moving average price is $130.45 and its 200-day moving average price is $137.91. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $176.16. The company has a market cap of $7.09 billion, a PE ratio of 48.01, a PEG ratio of 0.85 and a beta of 1.71. 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 (NYSE:GTLS) last issued its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. Stifel Nicolaus raised their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Craig Hallum lifted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.82.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their position. 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. Company insiders own 0.95% of the company’s stock.

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.