Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,276 shares of the industrial products company’s stock after selling 13,980 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Chart Industries worth $4,442,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GTLS. Smartleaf Asset Management LLC raised its position in Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries in the third quarter worth $34,000. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 65 shares during the last quarter. Spire Wealth Management lifted its position in Chart Industries by 183.8% during the fourth 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 period. Finally, Lindbrook Capital LLC boosted its holdings in Chart Industries by 43.4% in the fourth 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 during the last quarter.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, CEO Jillian C. Evanko bought 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, 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 filing with the SEC, which is available through this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares of the company’s stock, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,109 shares of company stock worth $160,845. Corporate insiders own 0.95% of the company’s stock.

Chart Industries Stock Up 4.4 %

GTLS stock opened at $149.06 on Friday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. 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 firm has a 50-day simple moving average of $191.59 and a 200-day simple moving average of $165.32. The stock has a market capitalization of $6.81 billion, a P/E ratio of 43.20, a P/E/G ratio of 0.57 and a beta of 1.87.

Chart Industries (NYSE:GTLS) last announced its 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 firm had revenue of $1.11 billion for 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%. Chart Industries’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 EPS. Equities analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays upped their price objective on Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company cut their target price 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 increased 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $194.08.

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.