Cerity Partners LLC Sells 14,086 Shares of Chart Industries, Inc. (NYSE:GTLS)

Cerity Partners LLC reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,616 shares of the industrial products company’s stock after selling 14,086 shares during the quarter. Cerity Partners LLC owned about 0.10% of Chart Industries worth $8,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after buying an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the 4th quarter worth about $34,000. Blue Trust Inc. boosted 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 worth $35,000 after purchasing an additional 65 shares in the last quarter. Spire Wealth Management grew its position in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake 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 purchasing an additional 69 shares in the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the topic of several analyst reports. Barclays dropped their target price on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley lowered their price objective on Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company reduced their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Finally, BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.42.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $124.96 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $5.71 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The firm’s 50 day moving average price is $161.53 and its 200-day moving average price is $168.72. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve 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 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The business had revenue of $1.11 billion during 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 revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 earnings per share. Equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Buying and Selling

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

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.