Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,438 shares of the industrial products company’s stock after selling 3,223 shares during the quarter. Chart Industries accounts for about 1.9% of Emerald Advisers LLC’s holdings, making the stock its 5th biggest position. Emerald Advisers LLC owned approximately 0.58% of Chart Industries worth $47,603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Chart Industries by 1.4% during the fourth 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 during the last quarter. LPL Financial LLC boosted its holdings in Chart Industries by 47.3% during the fourth quarter. LPL Financial LLC now owns 21,143 shares of the industrial products company’s stock worth $4,035,000 after purchasing an additional 6,785 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Chart Industries during the fourth quarter worth about $2,137,000. Semanteon Capital Management LP purchased a new position in Chart Industries during the fourth quarter worth about $664,000. Finally, First Financial Bankshares Inc boosted its holdings in Chart Industries by 86.6% during the fourth quarter. First Financial Bankshares Inc now owns 33,181 shares of the industrial products company’s stock worth $6,332,000 after purchasing an additional 15,400 shares during the last quarter.

Analyst Ratings Changes

GTLS has been the topic of several analyst reports. Stifel Nicolaus boosted their price target 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. TD Cowen boosted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Barclays boosted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

Insider Buying and Selling

In related news, Director Linda S. Harty purchased 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the acquisition, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the firm’s stock in a transaction dated 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 acquisition, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company’s stock.

Chart Industries Stock Performance

NYSE GTLS opened at $155.34 on Friday. The company’s 50 day moving average is $186.85 and its 200-day moving average is $166.74. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.10 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

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 for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.