Stifel Financial Corp Sells 51,079 Shares of Chart Industries, Inc. (NYSE:GTLS)

Stifel Financial Corp lowered its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,586 shares of the industrial products company's stock after selling 51,079 shares during the period. Stifel Financial Corp owned approximately 0.47% of Chart Industries worth $38,662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MML Investors Services LLC boosted its stake in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares in the last quarter. Virtu Financial LLC bought a new stake in Chart Industries during the 3rd quarter worth approximately $251,000. Retirement Systems of Alabama increased its position in Chart Industries by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 114,841 shares of the industrial products company's stock valued at $14,256,000 after acquiring an additional 996 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock valued at $2,744,000 after acquiring an additional 15,862 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after purchasing an additional 32,442 shares during the period.

Analyst Ratings Changes

Several research firms have issued reports on GTLS. 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. Stifel Nicolaus reduced their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their price objective on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Citigroup boosted their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Insider Transactions at Chart Industries

In related news, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock worth $160,845 over the last three months. 0.99% of the stock is currently owned by company insiders.

Chart Industries Stock Up 1.2 %

Shares of NYSE:GTLS traded up $1.63 during trading on Tuesday, reaching $136.66. 105,491 shares of the stock traded hands, compared to its average volume of 707,797. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market cap of $6.14 billion, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The stock has a 50-day moving average of $146.13 and a two-hundred day moving average of $169.34. 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 posted 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $2.25 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.