King Luther Capital Management Corp Sells 65,698 Shares of Chart Industries, Inc. (NYSE:GTLS)

King Luther Capital Management Corp lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 966,199 shares of the industrial products company’s stock after selling 65,698 shares during the quarter. King Luther Capital Management Corp owned 2.26% of Chart Industries worth $184,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC grew its stake in Chart Industries by 129.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the third quarter worth $34,000. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Spire Wealth Management grew its stake in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on GTLS. TD Cowen increased their target price on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Barclays upped their price target on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Stifel Nicolaus upped their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Wells Fargo & Company lowered their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Stock Down 4.8 %

NYSE GTLS opened at $142.52 on Tuesday. The stock’s 50 day moving average is $195.29 and its 200 day moving average is $165.29. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market cap of $6.51 billion, a PE ratio of 41.31, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.95% of the company’s stock.

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.