Granahan Investment Management LLC Has $7.50 Million Stake in Chart Industries, Inc. (NYSE:GTLS)

Granahan Investment Management LLC decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 80.2% during the fourth quarter, HoldingsChannel reports. The firm owned 39,289 shares of the industrial products company’s stock after selling 159,122 shares during the quarter. Granahan Investment Management LLC’s holdings in Chart Industries were worth $7,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC grew its position in shares of Chart Industries by 2.2% in the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 48 shares during the last quarter. First Manhattan CO. LLC. increased its position in Chart Industries by 3.1% in the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after buying an additional 54 shares during the period. Assetmark Inc. lifted its holdings in shares of Chart Industries by 3.0% during the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after buying an additional 64 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 69 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on GTLS shares. Wells Fargo & Company decreased their price target on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 1st. Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Morgan Stanley cut their target price on Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group decreased their price target on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $201.64.

Insiders Place Their Bets

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired 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 owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock valued at $160,845 in the last quarter. 0.99% of the stock is currently owned by insiders.

Chart Industries Stock Up 1.0 %

Chart Industries stock opened at $159.07 on Friday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month 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 company has a 50 day moving average of $140.70 and a 200-day moving average of $170.26. The stock has a market capitalization of $7.15 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.