Corebridge Financial Inc. Trims Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Corebridge Financial Inc. lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,660 shares of the industrial products company’s stock after selling 3,731 shares during the quarter. Corebridge Financial Inc.’s holdings in Chart Industries were worth $13,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archford Capital Strategies LLC increased its stake in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock worth $433,000 after buying an additional 48 shares during the period. MML Investors Services LLC grew its holdings in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 63 shares during the period. Assetmark Inc. boosted its stake in shares of Chart Industries by 3.0% during the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. grew its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after buying an additional 69 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GTLS shares. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. TD Cowen boosted their price objective on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Three research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.08.

Insider Transactions at Chart Industries

In related news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,109 shares of company stock worth $160,845 in the last ninety days. Insiders own 0.95% of the company’s stock.

Chart Industries Stock Down 1.1 %

Shares of NYSE:GTLS opened at $161.11 on Wednesday. The company has a 50 day moving average of $185.24 and a 200-day moving average of $167.82. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 0.57 and a beta of 1.87. 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, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $2.25 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.