Front Row Advisors LLC Sells 221 Shares of Chart Industries, Inc. (NYSE:GTLS)

Front Row Advisors LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 7,014 shares of the industrial products company’s stock after selling 221 shares during the period. Front Row Advisors LLC’s holdings in Chart Industries were worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC raised its stake in Chart Industries by 129.6% in the fourth 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 in the last quarter. Fairway Wealth LLC bought a new position in shares of Chart Industries in the 4th quarter worth about $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the 4th 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 during the period. Spire Wealth Management boosted its stake in 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 boosted its stake in 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 Stock Performance

Shares of GTLS stock opened at $144.43 on Tuesday. The firm has a market capitalization of $6.60 billion, a PE ratio of 41.86, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a 50 day moving average price of $180.10 and a 200-day moving average price of $168.97. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. 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 announced 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). 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%. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Buying and Selling at Chart Industries

In related news, VP Gerald F. Vinci acquired 175 shares of Chart Industries stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through 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 bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GTLS shares. Wells Fargo & Company decreased their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.33.

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.