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

Granahan Investment Management LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 80.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,289 shares of the industrial products company's stock after selling 159,122 shares during the quarter. Granahan Investment Management LLC owned about 0.09% of Chart Industries worth $7,498,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GTLS. Capital Analysts LLC bought a new position in Chart Industries in the 4th quarter worth $25,000. Smartleaf Asset Management LLC increased its stake in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Fairway Wealth LLC purchased a new position in Chart Industries during the 4th quarter valued at about $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 65 shares during the period. Finally, Spire Wealth Management lifted its position in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 125 shares during the period.

Chart Industries Stock Up 7.3%

GTLS stock traded up $11.64 during trading on Monday, hitting $170.82. 893,184 shares of the stock traded hands, compared to its average volume of 711,664. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The firm's 50 day moving average is $140.79 and its two-hundred day moving average is $171.27. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 49.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $1.49 EPS. Chart Industries's revenue for the quarter was up 38.8% on a year-over-year basis. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GTLS. Wells Fargo & Company lowered their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. Citigroup lifted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. 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 research report on Thursday, March 27th. The Goldman Sachs Group lowered their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Chart Industries presently has an average rating of "Buy" and a consensus price target of $201.64.

Insider Activity

In related news, VP Gerald F. Vinci purchased 175 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $147.89 per share, with a total value of $25,880.75. Following the acquisition, the vice president now directly owns 475 shares in the company, valued at $70,247.75. The trade was a 58.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda S. Harty purchased 500 shares of the company's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the acquisition, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock valued at $160,845 in the last 90 days. 0.99% of the stock is currently owned by insiders.

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.