Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Reduced by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 10.7% during the fourth quarter, Holdings Channel reports. The firm owned 134,500 shares of the industrial products company’s stock after selling 16,200 shares during the period. Chart Industries accounts for about 1.4% of Heartland Advisors Inc.’s portfolio, making the stock its 7th largest position. Heartland Advisors Inc.’s holdings in Chart Industries were worth $25,668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC bought a new position in Chart Industries during the fourth quarter valued at about $34,000. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% in 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 in the last quarter. Spire Wealth Management lifted its position in shares of 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 during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of 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 purchasing an additional 69 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently commented on GTLS shares. Wells Fargo & Company cut their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. TD Cowen lifted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Barclays raised 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 note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus price target of $202.33.

Insider Activity

In related news, CEO Jillian C. Evanko bought 350 shares of Chart Industries stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost 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 approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction dated 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. Over the last ninety days, insiders acquired 1,109 shares of company stock worth $160,845. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

NYSE GTLS opened at $153.54 on Friday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a 50 day moving average of $182.86 and a 200-day moving average of $167.65. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

About Chart Industries

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.