Geode Capital Management LLC Sells 3,446 Shares of Chart Industries, Inc. (NYSE:GTLS)

Geode Capital Management LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 989,753 shares of the industrial products company’s stock after selling 3,446 shares during the period. Geode Capital Management LLC’s holdings in Chart Industries were worth $188,927,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GTLS. HighPoint Advisor Group LLC bought a new position in shares of Chart Industries in the fourth quarter valued at about $246,000. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Chart Industries by 187.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 19,946 shares of the industrial products company’s stock worth $3,806,000 after acquiring an additional 13,017 shares during the last quarter. Pier 88 Investment Partners LLC lifted 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 purchasing an additional 2,120 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Chart Industries during the fourth quarter worth approximately $385,000. Finally, Schroder Investment Management Group grew its stake in shares of Chart Industries by 16.8% during the fourth quarter. Schroder Investment Management Group now owns 59,215 shares of the industrial products company’s stock valued at $11,286,000 after purchasing an additional 8,507 shares during the last quarter.

Analysts Set New Price Targets

GTLS has been the subject of several research analyst reports. TD Cowen boosted their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group raised their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Barclays lifted their price target on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.83.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, with a total value 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 disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $115.48 on Monday. The firm’s 50 day simple moving average is $173.52 and its 200 day simple moving average is $169.42. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company 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 (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 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 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.25 earnings per share. As a group, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.