Alliancebernstein L.P. Has $17.34 Million Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Alliancebernstein L.P. lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,855 shares of the industrial products company’s stock after selling 4,410 shares during the quarter. Alliancebernstein L.P.’s holdings in Chart Industries were worth $17,339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Pier 88 Investment Partners LLC boosted its position in shares of Chart Industries by 57.8% during the fourth quarter. Pier 88 Investment Partners LLC now owns 5,790 shares of the industrial products company’s stock worth $1,105,000 after buying an additional 2,120 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Chart Industries during the 4th quarter worth approximately $385,000. Schroder Investment Management Group boosted its position in Chart Industries by 16.8% during the 4th quarter. Schroder Investment Management Group now owns 59,215 shares of the industrial products company’s stock worth $11,286,000 after acquiring an additional 8,507 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Chart Industries by 17.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,260 shares of the industrial products company’s stock worth $1,195,000 after acquiring an additional 918 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of Chart Industries by 50.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 4,135 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 1,378 shares during the last quarter.

Chart Industries Stock Down 3.1 %

Shares of GTLS opened at $114.64 on Wednesday. The firm has a market cap of $5.24 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The firm’s 50-day simple moving average is $168.17 and its 200 day simple moving average is $168.94.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity at Chart Industries

In related news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jillian C. Evanko acquired 350 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GTLS. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Citigroup raised their price objective on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley dropped their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus raised their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Barclays upped their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.83.

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.