Bridgewater Associates LP Reduces Position in Chart Industries, Inc. (NYSE:GTLS)

Bridgewater Associates LP reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 70.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,236 shares of the industrial products company’s stock after selling 40,258 shares during the quarter. Bridgewater Associates LP’s holdings in Chart Industries were worth $3,289,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GTLS. Archford Capital Strategies LLC raised its holdings in shares of Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after buying an additional 48 shares during the period. MML Investors Services LLC grew its position in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 63 shares during the last quarter. Assetmark Inc. increased its stake in Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. lifted its position in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 69 shares during the period.

Analyst Ratings Changes

GTLS has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Morgan Stanley dropped their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus lifted their target price 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, 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 report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $201.42.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the acquisition, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is currently owned by insiders.

Chart Industries Trading Up 3.0 %

Shares of NYSE GTLS opened at $128.61 on Friday. The business has a fifty day moving average price of $155.38 and a 200 day moving average price of $168.47. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $5.78 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68.

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