Chart Industries, Inc. (NYSE:GTLS) is Pacific Asset Management LLC's 6th Largest Position

Pacific Asset Management LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,154 shares of the industrial products company's stock after selling 4,000 shares during the period. Chart Industries accounts for approximately 1.4% of Pacific Asset Management LLC's holdings, making the stock its 6th biggest holding. Pacific Asset Management LLC's holdings in Chart Industries were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ardsley Advisory Partners LP bought a new stake in Chart Industries in the fourth quarter worth $3,817,000. AXA S.A. raised its position in Chart Industries by 20.7% in the 4th quarter. AXA S.A. now owns 188,527 shares of the industrial products company's stock worth $35,978,000 after purchasing an additional 32,275 shares during the period. 360 Financial Inc. purchased a new stake in shares of Chart Industries in the fourth quarter worth approximately $229,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Chart Industries by 244.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company's stock worth $1,233,000 after acquiring an additional 4,589 shares during the last quarter. Finally, Castalian Partners LLC purchased a new position in Chart Industries during the 4th quarter valued at $954,000.

Insiders Place Their Bets

In other news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko acquired 350 shares of the business'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 acquisition, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,109 shares of company stock valued at $160,845. Company insiders own 0.99% of the company's stock.

Analyst Ratings Changes

GTLS has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Barclays upped their price objective on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Monday. TD Cowen cut their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Stifel Nicolaus cut their price objective on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Three investment 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $198.17.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $2.39 during trading on Monday, hitting $154.35. The stock had a trading volume of 439,682 shares, compared to its average volume of 710,395. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 44.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The stock has a 50-day simple moving average of $142.39 and a two-hundred day simple moving average of $170.05.

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

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.