By otakuyassine3@gmail.com 
Prudential Financial Inc. reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 74.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,204 shares of the industrial products company’s stock after selling 12,370 shares during the period. Prudential Financial Inc.’s holdings in Chart Industries were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after purchasing an additional 15,862 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its holdings in shares of Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Chart Industries by 16.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company’s stock valued at $11,910,000 after buying an additional 13,289 shares in the last quarter. Finally, Connective Portfolio Management LLC bought a new stake in shares of Chart Industries in the fourth quarter valued at approximately $725,000.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. BTIG Research increased their target price on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. TD Cowen raised their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, Morgan Stanley lowered their price objective on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.83.
Read Our Latest Research Report on GTLS
Chart Industries Stock Performance
NYSE:GTLS opened at $118.23 on Tuesday. The stock’s 50-day moving average is $171.82 and its 200-day moving average is $169.38. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. 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 stock has a market cap of $5.40 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68.
Chart Industries (NYSE:GTLS – Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) 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 analyst estimates of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 earnings per share. Equities research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current year.
Insider Buying and Selling at Chart Industries
In other Chart Industries news, VP Gerald F. Vinci acquired 175 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the purchase, the vice president now directly owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda S. Harty bought 500 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company’s stock, valued at $1,645,691.40. This represents a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company’s stock.
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.
Further Reading
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