Federated Hermes Inc. Has $77.51 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

Federated Hermes Inc. lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 406,135 shares of the industrial products company’s stock after selling 12,490 shares during the period. Federated Hermes Inc. owned about 0.95% of Chart Industries worth $77,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of Chart Industries by 1.4% in the third quarter. HighTower Advisors LLC now owns 12,645 shares of the industrial products company’s stock valued at $1,567,000 after buying an additional 177 shares during the period. Stifel Financial Corp increased its position in Chart Industries by 34.9% in the 3rd quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company’s stock valued at $31,490,000 after acquiring an additional 65,615 shares during the period. Wellington Management Group LLP raised its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Chart Industries during the third quarter worth $2,937,000. Finally, National Bank of Canada FI grew its stake in shares of Chart Industries by 328.7% in the third 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 during the last quarter.

Chart Industries Trading Down 7.4 %

NYSE:GTLS opened at $115.48 on Monday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. 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 capitalization of $5.28 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 0.57 and a beta of 1.68. The firm has a fifty day simple moving average of $173.52 and a two-hundred day simple moving average of $169.42.

Chart Industries (NYSE:GTLS) last issued 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 during the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 earnings per share. Analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Chart Industries 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 acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average price 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 in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 1,109 shares of company stock worth $160,845 in the last ninety days. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GTLS shares. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. TD Cowen lifted their price objective on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Citigroup upped their price objective 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. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.83.

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.