Fmr LLC Has $371.25 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Fmr LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 21.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,990,576 shares of the industrial products company’s stock after selling 795,661 shares during the period. Fmr LLC owned 6.99% of Chart Industries worth $371,250,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries in the 3rd quarter worth $34,000. Byrne Asset Management LLC bought a new position in shares of Chart Industries in the second quarter valued at $40,000. UMB Bank n.a. grew its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after buying an additional 255 shares during the last quarter. Ecofi Investissements SA acquired a new position in shares of Chart Industries during the second quarter valued at about $50,000. Finally, Central Bank & Trust Co. acquired a new position in shares of Chart Industries during the second quarter valued at about $86,000.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $240,250. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is owned by company insiders.

Chart Industries Stock Performance

Shares of GTLS stock opened at $193.25 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 56.01, a P/E/G ratio of 1.00 and a beta of 1.71. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $196.91. The firm’s 50-day simple moving average is $143.84 and its two-hundred day simple moving average is $140.12.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GTLS. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Evercore ISI raised Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries 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.