Future Fund LLC Lowers Stake in Chart Industries, Inc. (NYSE:GTLS)

Future Fund LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 45.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,759 shares of the industrial products company’s stock after selling 4,800 shares during the quarter. Chart Industries accounts for approximately 3.1% of Future Fund LLC’s portfolio, making the stock its 14th largest position. Future Fund LLC’s holdings in Chart Industries were worth $1,099,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 worth $31,000 after buying an additional 92 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries during the third quarter worth $34,000. Blue Trust Inc. raised its stake in shares of Chart Industries by 56.0% in the fourth 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 boosted its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Finally, Lindbrook Capital LLC grew its stake in 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.

Chart Industries Trading Up 4.0 %

GTLS opened at $149.89 on Monday. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 43.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The business’s 50 day moving average is $196.25 and its two-hundred day moving average is $165.11. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted 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). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. On average, research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GTLS shares. Wells Fargo & Company reduced their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. 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 report on Friday, December 20th. Barclays boosted their target price 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. Finally, Raymond James restated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on 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 in the company, valued at $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.95% of the company’s stock.

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.