Aristotle Pacific Capital LLC Sells 2,500 Shares of Chart Industries, Inc. (NYSE:GTLS)

Aristotle Pacific Capital LLC cut its position in Chart Industries, Inc. (NYSE:GTLS) by 17.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,154 shares of the industrial products company’s stock after selling 2,500 shares during the quarter. Chart Industries makes up 0.4% of Aristotle Pacific Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Aristotle Pacific Capital LLC’s holdings in Chart Industries were worth $1,509,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries in the third quarter valued at about $34,000. Byrne Asset Management LLC purchased a new stake in Chart Industries during the 2nd quarter valued at approximately $40,000. UMB Bank n.a. lifted its position in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA purchased a new position in shares of Chart Industries in the 2nd quarter valued at approximately $50,000. Finally, Central Bank & Trust Co. acquired a new position in shares of Chart Industries in the second quarter valued at approximately $86,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GTLS. Wells Fargo & Company decreased their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus lifted their target price 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. The Goldman Sachs Group dropped their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Bank of America reduced their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Stock Performance

Chart Industries stock opened at $193.25 on Monday. The stock has a fifty day moving average price of $143.84 and a 200 day moving average price of $139.98. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The firm has a market capitalization of $8.27 billion, a P/E ratio of 56.01, a PEG ratio of 0.99 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

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

Insider Transactions at Chart Industries

In other Chart Industries news, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $106.55 per share, with a total value of $53,275.00. Following the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. This trade represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was bought at an average cost 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 of the company’s stock, valued at $240,250. This trade represents a ∞ 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 in the last ninety days. Insiders own 0.95% of the company’s stock.

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.