Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,022,664 shares of the industrial products company’s stock after selling 181,299 shares during the period. Bamco Inc. NY’s holdings in Chart Industries were worth $126,954,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Chart Industries by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,321 shares of the industrial products company’s stock worth $5,324,000 after purchasing an additional 1,627 shares during the period. Tidal Investments LLC lifted its holdings in Chart Industries by 18.1% in the first quarter. Tidal Investments LLC now owns 4,906 shares of the industrial products company’s stock worth $808,000 after acquiring an additional 752 shares during the last quarter. First Hawaiian Bank lifted its holdings in Chart Industries by 10.8% in the second quarter. First Hawaiian Bank now owns 1,925 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 187 shares during the last quarter. Mather Group LLC. boosted its stake in Chart Industries by 29.3% in the second quarter. Mather Group LLC. now owns 882 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 200 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Chart Industries by 179.3% during the second quarter. Harbor Capital Advisors Inc. now owns 41,937 shares of the industrial products company’s stock valued at $6,053,000 after purchasing an additional 26,922 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GTLS shares. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research note on Monday, September 16th. Craig Hallum lifted their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Wells Fargo & Company decreased their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.82.

Insider Buying and Selling

In other news, Director Paul E. Mahoney acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 7,152 shares of company stock worth $482,278 in the last three months. 0.95% of the stock is currently owned by insiders.

Chart Industries Price Performance

NYSE:GTLS opened at $193.25 on Monday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $196.91. 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 $8.27 billion, a P/E ratio of 56.01, a PEG ratio of 0.99 and a beta of 1.71. The business’s 50-day moving average price is $143.84 and its 200 day moving average price is $139.98.

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

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.