1492 Capital Management LLC Sells 17,546 Shares of Chart Industries, Inc. (NYSE:GTLS)

1492 Capital Management LLC reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 60.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,287 shares of the industrial products company’s stock after selling 17,546 shares during the quarter. 1492 Capital Management LLC’s holdings in Chart Industries were worth $2,154,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC increased its position 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 buying an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries during the 4th quarter valued at about $34,000. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in Chart Industries by 43.4% during the 4th 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 period.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Barclays cut their target price on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and an average price target of $201.42.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,109 shares of company stock valued at $160,845 over the last 90 days. 0.95% of the stock is owned by corporate insiders.

Chart Industries Price Performance

NYSE:GTLS opened at $128.61 on Friday. The business’s 50-day moving average is $155.38 and its 200 day moving average is $168.47. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a market capitalization of $5.78 billion, a P/E ratio of 37.28, a P/E/G ratio of 0.57 and a beta of 1.68. 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 (NYSE:GTLS) last released its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (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%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.25 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal 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.