Avalon Trust Co Sells 655 Shares of Chart Industries, Inc. (NYSE:GTLS)

Avalon Trust Co reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 0.8% during the fourth quarter, HoldingsChannel reports. The fund owned 81,345 shares of the industrial products company’s stock after selling 655 shares during the quarter. Avalon Trust Co’s holdings in Chart Industries were worth $15,524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. King Luther Capital Management Corp increased its position in shares of Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after buying an additional 29,139 shares during the period. Geode Capital Management LLC increased its position in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares during the period. Principal Financial Group Inc. increased its position in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC increased its position in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after buying an additional 13,181 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares during the period.

Chart Industries Stock Up 4.4 %

Shares of GTLS opened at $149.06 on Friday. The firm has a market cap of $6.81 billion, a P/E ratio of 43.20, a P/E/G ratio of 0.57 and a beta of 1.87. The stock has a 50 day simple moving average of $191.59 and a two-hundred day simple moving average of $165.59. 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, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) 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 analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. On average, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko acquired 350 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda S. Harty acquired 500 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 over the last quarter. 0.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research 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. TD Cowen boosted their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Barclays boosted their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

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.