Russell Investments Group Ltd. Has $26 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Russell Investments Group Ltd. cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,242 shares of the industrial products company’s stock after selling 94,985 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Chart Industries worth $26,000,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Chart Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company’s stock worth $820,115,000 after purchasing an additional 59,889 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Chart Industries by 2.0% during the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares during the period. Principal Financial Group Inc. boosted its stake in Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Wellington Management Group LLP increased its position in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Chart Industries by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,085 shares of the industrial products company’s stock worth $98,871,000 after buying an additional 16,197 shares in the last quarter.

Chart Industries Price Performance

Shares of GTLS opened at $114.64 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The firm has a market capitalization of $5.24 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company’s fifty day moving average price is $168.17 and its 200-day moving average price is $168.94.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GTLS. Barclays lifted their price objective 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. The Goldman Sachs Group boosted their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen raised their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, BTIG Research boosted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $201.83.

Insider Buying and Selling

In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,109 shares of company stock worth $160,845. 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.