Crossmark Global Holdings Inc. Trims Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Crossmark Global Holdings Inc. cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 40.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,947 shares of the industrial products company’s stock after selling 2,036 shares during the period. Crossmark Global Holdings Inc.’s holdings in Chart Industries were worth $365,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Chart Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock worth $693,243,000 after acquiring an additional 45,137 shares during the period. Bamco Inc. NY increased its holdings in shares of Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock worth $192,725,000 after purchasing an additional 25,000 shares during the period. King Luther Capital Management Corp raised its position in shares of Chart Industries by 6.3% in the second quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock worth $144,738,000 after buying an additional 59,322 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the period. Finally, Perpetual Ltd boosted its stake in Chart Industries by 7.3% during the third quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after buying an additional 34,153 shares during the period.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty acquired 1,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the transaction, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 10.37 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by insiders.

Chart Industries Stock Performance

Chart Industries stock opened at $165.62 on Monday. The firm has a fifty day simple moving average of $130.45 and a two-hundred day simple moving average of $137.91. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $176.16. The company has a market capitalization of $7.09 billion, a PE ratio of 48.01, a P/E/G ratio of 0.85 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. Research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GTLS shares. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.82.

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.