Chart Industries, Inc. (NYSE:GTLS) Stake Lessened by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,153 shares of the industrial products company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Chart Industries were worth $602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth $34,000. Blue Trust Inc. raised its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Chart Industries by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares in the last quarter.

Chart Industries Trading Up 4.4 %

Shares of NYSE:GTLS opened at $149.06 on Monday. The company 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’s 50-day moving average is $191.59 and its 200-day moving average is $165.91. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. 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 (NYSE:GTLS) last issued its quarterly 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. Equities research analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent research reports. Barclays increased 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. Wells Fargo & Company cut their target price on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.08.

Insider Buying and Selling

In other news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares in the company, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 over the last three months. 0.95% of the stock is owned by corporate insiders.

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.