Nomura Asset Management Co. Ltd. Reduces Stake in Chart Industries, Inc. (NYSE:GTLS)

Nomura Asset Management Co. Ltd. cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 40.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,129 shares of the industrial products company’s stock after selling 38,814 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Chart Industries worth $10,902,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GTLS. Norges Bank acquired a new position in Chart Industries during the fourth quarter valued at $88,609,000. Wellington Management Group LLP lifted its holdings in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares during the period. Keybank National Association OH boosted its stake in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after buying an additional 244,378 shares during the last quarter. Van Berkom & Associates Inc. acquired a new stake in Chart Industries during the fourth quarter worth about $35,543,000. Finally, Braun Stacey Associates Inc. purchased a new position in Chart Industries during the fourth quarter valued at approximately $16,631,000.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock worth $160,845 in the last three months. 0.95% of the stock is owned by corporate insiders.

Chart Industries Stock Performance

NYSE:GTLS opened at $147.48 on Monday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a market cap of $6.74 billion, a P/E ratio of 42.75, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $181.51 and its 200-day moving average price is $168.74.

Chart Industries (NYSE:GTLS) last issued 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter 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 fiscal year.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of analyst reports. TD Cowen raised their price objective on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their price target on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Stifel Nicolaus upped their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Morgan Stanley reduced their price target on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.33.

About Chart Industries

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.