Mutual of America Capital Management LLC Trims Stake in Chart Industries, Inc. (NYSE:GTLS)

Mutual of America Capital Management LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,319 shares of the industrial products company’s stock after selling 1,680 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chart Industries were worth $7,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. EFG Asset Management North America Corp. raised its holdings in shares of Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after acquiring an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Chart Industries by 3.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 64 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Chart Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after purchasing an additional 87 shares during the period. Aristeia Capital L.L.C. boosted its stake in shares of Chart Industries by 3.7% during the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC increased its holdings in Chart Industries by 1.6% during the second quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock valued at $918,000 after buying an additional 100 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays decreased their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus increased their target price on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Trading Up 0.5 %

Shares of Chart Industries stock opened at $166.42 on Tuesday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $176.16. The firm’s 50 day simple moving average is $131.58 and its two-hundred day simple moving average is $138.06. 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 $7.12 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 0.85 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $1.28 earnings per share. Chart Industries’s revenue was up 18.3% on a year-over-year basis. Analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Transactions at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares in the company, valued at approximately $1,207,640. The trade was a 10.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 over the last three months. 0.95% of the stock is currently owned by insiders.

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.