Brandywine Global Investment Management LLC Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Brandywine Global Investment Management LLC lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 96.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,222 shares of the industrial products company’s stock after selling 347,096 shares during the period. Brandywine Global Investment Management LLC’s holdings in Chart Industries were worth $2,714,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased its position in Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after purchasing an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 2,000 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Chart Industries by 16.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 95,943 shares of the industrial products company’s stock worth $11,910,000 after acquiring an additional 13,289 shares during the last quarter. Finally, Connective Portfolio Management LLC purchased a new stake in Chart Industries in the 4th quarter worth approximately $725,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday. Citigroup raised their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus upped their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.83.

Chart Industries Stock Performance

NYSE:GTLS opened at $151.44 on Thursday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 0.57 and a beta of 1.87. 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 firm’s fifty day simple moving average is $177.40 and its 200 day simple moving average is $169.07.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 EPS. As a group, equities research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Linda S. Harty purchased 500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $140.85 per share, with a total value of $70,425.00. Following the purchase, the director now directly owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko acquired 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,109 shares of company stock worth $160,845 over the last 90 days. Company insiders own 0.95% of the company’s stock.

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.