Versor Investments LP Lowers Holdings in Chart Industries, Inc. (NYSE:GTLS)

Versor Investments LP trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 48.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,664 shares of the industrial products company’s stock after selling 1,536 shares during the quarter. Versor Investments LP’s holdings in Chart Industries were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EFG Asset Management North America Corp. grew its holdings in shares of Chart Industries by 0.5% during 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 buying an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Chart Industries by 3.5% during 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 during the last quarter. Arizona State Retirement System increased its holdings 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 in the last quarter. Aristeia Capital L.L.C. raised its stake in shares of Chart Industries by 3.7% in the second quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 92 shares during the last quarter. Finally, Register Financial Advisors LLC lifted its holdings in shares of 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 purchasing an additional 100 shares in the last quarter.

Insider Buying and Selling

In related news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,152 shares of company stock valued at $482,278. Company insiders own 0.95% of the company’s stock.

Chart Industries Stock Down 2.2 %

NYSE GTLS opened at $165.62 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $176.16. 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 company has a market capitalization of $7.09 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71. The stock’s 50-day moving average price is $130.45 and its 200-day moving average price is $137.96.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Craig Hallum lifted their target price 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, Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

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.