Chart Industries, Inc. (NYSE:GTLS) Holdings Trimmed by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,500 shares of the industrial products company’s stock after selling 16,200 shares during the period. Chart Industries makes up about 1.4% of Heartland Advisors Inc.’s holdings, making the stock its 7th biggest position. Heartland Advisors Inc. owned approximately 0.31% of Chart Industries worth $25,668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Archford Capital Strategies LLC grew its position in 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 raised its position in shares of Chart Industries by 3.3% in the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after buying an additional 63 shares during the last quarter. Assetmark Inc. lifted 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 purchasing an additional 64 shares during the period. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the period.

Insider Buying and Selling

In related news, CEO Jillian C. Evanko acquired 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost 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 $70,247.75. This represents a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock valued at $160,845 over the last three months. Company insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GTLS. The Goldman Sachs Group lifted 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. Barclays upped their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. BTIG Research raised their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus target price of $202.33.

Chart Industries Stock Performance

Shares of GTLS stock opened at $153.54 on Friday. The business has a 50 day simple moving average of $182.86 and a 200 day simple moving average of $167.65. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 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 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS 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.