Blume Capital Management Inc. Sells 75 Shares of Chart Industries, Inc. (NYSE:GTLS)

Blume Capital Management Inc. reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 17,617 shares of the industrial products company’s stock after selling 75 shares during the period. Blume Capital Management Inc.’s holdings in Chart Industries were worth $3,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. King Luther Capital Management Corp raised its holdings in Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after acquiring an additional 29,139 shares during the period. Geode Capital Management LLC raised its holdings in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares during the period. Principal Financial Group Inc. raised its holdings in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares during the period. Fisher Asset Management LLC raised its holdings in Chart Industries by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the period.

Insider Buying and Selling at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $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 SEC, which is available at this link. Also, CEO Jillian C. Evanko bought 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,109 shares of company stock worth $160,845 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GTLS. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, Barclays raised their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Stock Performance

NYSE GTLS opened at $142.65 on Friday. 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 capitalization of $6.52 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 0.57 and a beta of 1.87. The firm’s 50 day simple moving average is $193.53 and its 200 day simple moving average is $165.32. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $2.25 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect 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.