Chart Industries, Inc. (NYSE:GTLS) is Penn Capital Management Company LLC's Largest Position

Penn Capital Management Company LLC reduced its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,983 shares of the industrial products company's stock after selling 8,281 shares during the quarter. Chart Industries comprises about 1.9% of Penn Capital Management Company LLC's portfolio, making the stock its largest position. Penn Capital Management Company LLC owned about 0.23% of Chart Industries worth $18,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTLS. Smartleaf Asset Management LLC grew its holdings in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 92 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Chart Industries during the fourth quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management grew 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 worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares in the last quarter.

Chart Industries Trading Up 1.3 %

Shares of Chart Industries stock traded up $1.72 on Tuesday, reaching $136.75. 144,095 shares of the company's stock were exchanged, compared to its average volume of 707,971. The company has a market capitalization of $6.14 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. 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 firm's 50-day moving average is $146.13 and its two-hundred day moving average is $169.34.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the transaction, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the transaction, the chief executive officer now owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 1,109 shares of company stock valued at $160,845 in the last three months. Corporate insiders own 0.99% of the company's stock.

Analyst Ratings Changes

GTLS has been the topic of a number of recent research reports. Barclays cut their price target 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 shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company dropped 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 note on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Stifel Nicolaus decreased their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

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.