Atlantic Investment Management Inc. Sells 200,400 Shares of Chart Industries, Inc. (NYSE:GTLS)

Atlantic Investment Management Inc. reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,670 shares of the industrial products company's stock after selling 200,400 shares during the quarter. Chart Industries comprises approximately 21.1% of Atlantic Investment Management Inc.'s holdings, making the stock its 2nd largest position. Atlantic Investment Management Inc. owned about 0.53% of Chart Industries worth $43,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolf Hill Capital Management LP purchased a new position in Chart Industries during the 4th quarter valued at approximately $101,121,000. Norges Bank bought a new position in shares of Chart Industries during the 4th quarter valued at approximately $88,609,000. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 291,520 shares in the last quarter. Keybank National Association OH increased 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 bought a new stake in Chart Industries in the fourth quarter worth $42,900,000.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $2.39 during midday trading on Monday, hitting $154.35. The company's stock had a trading volume of 439,682 shares, compared to its average volume of 710,395. The company has a market cap of $6.94 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The business's 50 day simple moving average is $142.39 and its 200 day simple moving average is $170.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business's revenue was up 38.8% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. On average, analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

GTLS has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company dropped their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. TD Cowen decreased their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley dropped their target price on 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 increased their price target on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.17.

Insiders Place Their Bets

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, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gerald F. Vinci bought 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the transaction, the vice president now directly owns 475 shares of the company's stock, valued at approximately $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 90 days, insiders have purchased 1,109 shares of company stock valued at $160,845. Insiders own 0.99% of the company's stock.

About Chart Industries

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.