Two Sigma Securities LLC Lowers Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Two Sigma Securities LLC lowered its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,437 shares of the industrial products company’s stock after selling 263 shares during the quarter. Two Sigma Securities LLC’s holdings in Chart Industries were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Beck Capital Management LLC lifted its stake in Chart Industries by 9.7% in the 4th quarter. Beck Capital Management LLC now owns 30,319 shares of the industrial products company’s stock worth $5,786,000 after purchasing an additional 2,693 shares in the last quarter. Long Focus Capital Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at approximately $10,496,000. Price T Rowe Associates Inc. MD lifted its position in Chart Industries by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,509 shares of the industrial products company’s stock worth $6,014,000 after buying an additional 3,666 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Chart Industries by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 13,418 shares of the industrial products company’s stock worth $2,561,000 after buying an additional 4,015 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Chart Industries by 21.8% in the 4th quarter. Hsbc Holdings PLC now owns 2,682 shares of the industrial products company’s stock valued at $515,000 after buying an additional 480 shares in the last quarter.

Insider Activity

In other news, Director Linda S. Harty purchased 500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,109 shares of company stock valued at $160,845. Company insiders own 0.99% of the company’s stock.

Chart Industries Price Performance

Chart Industries stock opened at $135.18 on Tuesday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The business has a fifty day moving average of $146.13 and a two-hundred day moving average of $169.34. The company has a market cap of $6.07 billion, a P/E ratio of 39.18, 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 (NYSE:GTLS) last posted its quarterly 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.25 EPS. As a group, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. The Goldman Sachs Group lowered their price target on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley reduced their price objective on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.67.

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.