Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 26.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,794 shares of the industrial products company’s stock after selling 2,812 shares during the period. Kingsview Wealth Management LLC’s holdings in Chart Industries were worth $968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in shares of Chart Industries during the second quarter worth $40,000. UMB Bank n.a. grew its stake in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA purchased a new stake in shares of Chart Industries in the 2nd quarter valued at $50,000. Finally, Advisors Asset Management Inc. lifted its stake in Chart Industries by 37.9% during the 1st quarter. Advisors Asset Management Inc. now owns 571 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 157 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased 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 directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock worth $482,278 in the last ninety days. 0.95% of the stock is owned by corporate insiders.

Chart Industries Trading Up 0.5 %

GTLS opened at $190.60 on Wednesday. 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, Inc. has a one year low of $101.60 and a one year high of $192.99. The company has a market cap of $8.16 billion, a P/E ratio of 55.25, a PEG ratio of 0.94 and a beta of 1.71. The business’s 50-day simple moving average is $138.11 and its 200-day simple moving average is $138.78.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus upped their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Bank of America decreased their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a research report on Monday, September 16th. Finally, Craig Hallum boosted their target price on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

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.