Financial Management Professionals Inc. Sells 216 Shares of Chart Industries, Inc. (NYSE:GTLS)

Financial Management Professionals Inc. lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 31.8% in the third quarter, Holdings Channel reports. The firm owned 464 shares of the industrial products company’s stock after selling 216 shares during the quarter. Financial Management Professionals Inc.’s holdings in Chart Industries were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Chart Industries by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,208,612 shares of the industrial products company’s stock valued at $693,243,000 after purchasing an additional 45,137 shares in the last quarter. Bamco Inc. NY grew its position in Chart Industries by 2.2% in the first quarter. Bamco Inc. NY now owns 1,170,013 shares of the industrial products company’s stock valued at $192,725,000 after purchasing an additional 25,000 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Chart Industries by 6.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,002,758 shares of the industrial products company’s stock valued at $144,738,000 after acquiring an additional 59,322 shares during the period. Principal Financial Group Inc. grew its position in shares of Chart Industries by 10.7% in the 2nd quarter. Principal Financial Group Inc. now owns 770,465 shares of the industrial products company’s stock valued at $111,209,000 after acquiring an additional 74,519 shares during the period. Finally, Perpetual Ltd grew its position in shares of Chart Industries by 7.3% in the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after acquiring an additional 34,153 shares during the period.

Chart Industries Stock Performance

NYSE GTLS opened at $123.68 on Monday. The firm has a 50-day moving average of $121.10 and a 200-day moving average of $137.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The stock has a market cap of $5.29 billion, a PE ratio of 123.68, a P/E/G ratio of 0.57 and a beta of 1.70. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $171.68.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $1.19 EPS. Chart Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.94 EPS for the current year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Linda S. Harty bought 1,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the acquisition, the director now directly owns 10,640 shares in the company, valued at $1,207,640. This represents a 0.00 % 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, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock worth $482,278 in the last quarter. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of analyst reports. Craig Hallum decreased their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Barclays decreased their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.00.

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.