Chart Industries, Inc. (NYSE:GTLS) Shares Sold by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 6.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,420 shares of the industrial products company’s stock after selling 460 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Chart Industries were worth $1,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after acquiring an additional 13,181 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Chart Industries during the third quarter worth approximately $373,000. Finally, Premier Fund Managers Ltd acquired a new position in shares of Chart Industries in the 3rd quarter valued at $733,000.

Chart Industries Price Performance

Shares of GTLS stock traded down $9.91 during midday trading on Friday, reaching $191.89. 140,591 shares of the company traded hands, compared to its average volume of 714,586. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $210.66. The firm has a market cap of $8.22 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The firm’s 50 day simple moving average is $184.24 and its two-hundred day simple moving average is $149.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS) last posted its 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 during 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 last year, the company posted $1.28 EPS. On average, equities research analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GTLS shares. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Morgan Stanley raised 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. BTIG Research increased their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.75.

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.