AQR Capital Management LLC Decreases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

AQR Capital Management LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 26.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,786 shares of the industrial products company’s stock after selling 654 shares during the quarter. AQR Capital Management LLC’s holdings in Chart Industries were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTLS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Chart Industries by 28.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after acquiring an additional 26,627 shares in the last quarter. SIR Capital Management L.P. raised its position in shares of Chart Industries by 74.7% during the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after acquiring an additional 41,626 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Chart Industries by 5.1% during the first quarter. Retirement Systems of Alabama now owns 114,685 shares of the industrial products company’s stock worth $18,891,000 after purchasing an additional 5,541 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in Chart Industries in the first quarter valued at approximately $15,702,000. Finally, NBW Capital LLC boosted its holdings in Chart Industries by 28.7% in the first quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock valued at $9,661,000 after purchasing an additional 13,062 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $126.82 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $171.68. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 126.82, a PEG ratio of 0.40 and a beta of 1.70. The company has a 50-day simple moving average of $119.71 and a 200-day simple moving average of $139.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $1.19 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post 10.42 EPS for the current year.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko bought 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GTLS shares. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Stifel Nicolaus cut their price target on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Bank of America decreased their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Finally, Craig Hallum reduced their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

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.