Aristotle Atlantic Partners LLC Sells 20,189 Shares of Chart Industries, Inc. (NYSE:GTLS)

Aristotle Atlantic Partners LLC decreased its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,097 shares of the industrial products company's stock after selling 20,189 shares during the period. Aristotle Atlantic Partners LLC owned about 0.26% of Chart Industries worth $21,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wolf Hill Capital Management LP bought a new position in shares of Chart Industries during the 4th quarter valued at $101,121,000. Norges Bank purchased a new stake in Chart Industries during the fourth quarter valued at $88,609,000. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock valued at $203,178,000 after acquiring an additional 291,520 shares during the period. Keybank National Association OH boosted its position in Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company's stock worth $47,087,000 after purchasing an additional 244,378 shares during the last quarter. Finally, Engaged Capital LLC purchased a new position in Chart Industries in the fourth quarter worth about $42,900,000.

Chart Industries Price Performance

Shares of Chart Industries stock traded down $2.39 on Monday, hitting $154.35. 439,682 shares of the company traded hands, compared to its average volume of 710,395. 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 business has a 50-day simple moving average of $142.39 and a 200 day simple moving average of $170.05. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market capitalization of $6.94 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The business's quarterly revenue was up 38.8% compared to the same quarter last year. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. TD Cowen reduced their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday. The Goldman Sachs Group decreased their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three investment 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $198.17.

Insider Buying and Selling

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares in the company, valued at $1,645,691.40. This trade represents a 4.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gerald F. Vinci purchased 175 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,109 shares of company stock worth $160,845. Corporate insiders own 0.99% of the company's stock.

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.