Orion Portfolio Solutions LLC Sells 723 Shares of Chart Industries, Inc. (NYSE:GTLS)

Orion Portfolio Solutions LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,710 shares of the industrial products company’s stock after selling 723 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Chart Industries were worth $2,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in Chart Industries in the fourth quarter valued at approximately $88,609,000. Wellington Management Group LLP boosted its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after purchasing an additional 262,592 shares during the period. Keybank National Association OH boosted its position in Chart Industries by 10,372.6% during the 4th quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after buying an additional 244,378 shares during the period. Van Berkom & Associates Inc. bought a new stake in Chart Industries in the 4th quarter worth $35,543,000. Finally, Braun Stacey Associates Inc. purchased a new position in shares of Chart Industries in the fourth quarter valued at about $16,631,000.

Chart Industries Price Performance

Shares of GTLS opened at $146.18 on Wednesday. The firm has a market cap of $6.68 billion, a PE ratio of 42.37, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. 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 fifty day simple moving average of $178.65 and a two-hundred day simple moving average of $169.19.

Chart Industries (NYSE:GTLS) last posted 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

In related news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the acquisition, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their target price 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 raised their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. BTIG Research upped their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, TD Cowen lifted their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $201.83.

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.