William Blair Investment Management LLC Lowers Stake in Chart Industries, Inc. (NYSE:GTLS)

William Blair Investment Management LLC lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092,873 shares of the industrial products company’s stock after selling 240,379 shares during the quarter. William Blair Investment Management LLC owned 2.55% of Chart Industries worth $208,564,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Chart Industries by 6.4% in the third quarter. Assetmark Inc. now owns 2,121 shares of the industrial products company’s stock worth $263,000 after buying an additional 128 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Chart Industries by 251.7% in the third quarter. Harbour Investments Inc. now owns 1,537 shares of the industrial products company’s stock worth $191,000 after buying an additional 1,100 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Chart Industries in the third quarter worth $210,000. Natixis Advisors LLC lifted its holdings in shares of Chart Industries by 8.4% in the third quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock worth $2,706,000 after buying an additional 1,692 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Chart Industries by 0.6% in the third quarter. Swiss National Bank now owns 83,600 shares of the industrial products company’s stock worth $10,378,000 after buying an additional 500 shares in the last quarter.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 500 shares of the 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 completion of the purchase, the director now directly owns 11,684 shares in the company, valued at $1,645,691.40. The trade was a 4.47 % 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 the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,109 shares of company stock worth $160,845. Insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GTLS. BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Citigroup upped their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus upped their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. TD Cowen upped their price target on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Barclays upped their price target on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Three 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

Chart Industries Trading Up 4.4 %

NYSE GTLS opened at $149.06 on Monday. The company’s 50-day moving average price is $191.59 and its 200-day moving average price is $165.91. 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 $6.81 billion, a PE ratio of 43.20, a PEG ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS) last posted its quarterly 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 company 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 company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

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.