BNP Paribas Financial Markets lessened its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,785 shares of the industrial products company's stock after selling 16,068 shares during the period. BNP Paribas Financial Markets' holdings in Chart Industries were worth $1,867,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC bought a new position in Chart Industries during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC increased its holdings in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after purchasing an additional 92 shares in the last quarter. Fairway Wealth LLC bought a new position in Chart Industries during the 4th quarter worth about $34,000. Blue Trust Inc. increased its holdings in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after purchasing an additional 125 shares in the last quarter.
Chart Industries Stock Performance
GTLS stock traded down $0.76 during mid-day trading on Friday, hitting $158.03. 291,727 shares of the company were exchanged, compared to its average volume of 707,016. The business has a 50 day simple moving average of $144.40 and a 200-day simple moving average of $172.99. 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 stock has a market capitalization of $7.22 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.
Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Insider Activity
In other Chart Industries news, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price 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 of the company's stock, valued at $1,645,691.40. This represents a 4.47% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,109 shares of company stock worth $160,845. Corporate insiders own 0.99% of the company's stock.
Analyst Upgrades and Downgrades
GTLS has been the subject of several analyst reports. Citigroup raised their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus decreased their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays raised their price objective on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $199.36.
View Our Latest Stock Analysis on Chart Industries
About Chart Industries
(
Free Report)
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.
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