Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Reduced by Geode Capital Management LLC

Geode Capital Management LLC cut its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,753 shares of the industrial products company’s stock after selling 3,446 shares during the period. Geode Capital Management LLC owned 2.31% of Chart Industries worth $188,927,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GTLS. Norges Bank bought a new position in Chart Industries during the fourth quarter valued at approximately $88,609,000. Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after purchasing an additional 244,378 shares in the last quarter. Van Berkom & Associates Inc. acquired a new stake in shares of Chart Industries in the 4th quarter valued at $35,543,000. Finally, Braun Stacey Associates Inc. bought a new stake in Chart Industries in the fourth quarter worth $16,631,000.

Insiders Place Their Bets

In related news, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,109 shares of company stock worth $160,845 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

NYSE GTLS opened at $115.48 on Monday. The company’s fifty day moving average is $173.52 and its two-hundred day moving average is $169.42. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 0.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data 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). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 EPS. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GTLS. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. TD Cowen raised their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Barclays upped their target price on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Citigroup lifted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.83.

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.