Ecofi Investissements SA Cuts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Ecofi Investissements SA reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300 shares of the industrial products company’s stock after selling 150 shares during the quarter. Ecofi Investissements SA’s holdings in Chart Industries were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GTLS. Norges Bank acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $88,609,000. Keybank National Association OH lifted its stake in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after buying an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $35,543,000. Braun Stacey Associates Inc. bought a new position in Chart Industries during the fourth quarter valued at about $16,631,000. Finally, WCM Investment Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at about $16,239,000.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the vice president now directly owns 475 shares in the company, 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 can be accessed through the SEC website. Also, Director Linda S. Harty acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were bought 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 directly owns 11,684 shares in the company, 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. In the last 90 days, insiders purchased 1,109 shares of company stock worth $160,845. 0.95% of the stock is currently owned by company insiders.

Chart Industries Stock Up 3.0 %

Chart Industries stock opened at $128.61 on Friday. The stock has a fifty day moving average of $154.07 and a 200 day moving average of $168.53. The stock has a market cap of $5.78 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. 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 announced its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research analyst reports. Wells Fargo & Company decreased their target price on 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 target price on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. TD Cowen increased their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Citigroup boosted their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus upped their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus target price of $201.42.

Chart Industries Company 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.