Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,374 shares of the industrial products company's stock after selling 33,140 shares during the quarter. Chart Industries accounts for 1.9% of Emerald Mutual Fund Advisers Trust's portfolio, making the stock its 6th largest position. Emerald Mutual Fund Advisers Trust owned about 0.38% of Chart Industries worth $31,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Vanguard Group Inc. lifted its holdings in shares of Chart Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,297,398 shares of the industrial products company's stock valued at $820,115,000 after buying an additional 59,889 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Chart Industries by 37.7% during the 4th 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 during the period. Principal Financial Group Inc. increased its position in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after purchasing an additional 32,442 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Chart Industries by 23.4% in the 4th quarter. Northern Trust Corp now owns 639,548 shares of the industrial products company's stock worth $122,051,000 after purchasing an additional 121,259 shares during the period. Finally, Wolf Hill Capital Management LP purchased a new position in shares of Chart Industries in the fourth quarter worth approximately $101,121,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GTLS shares. The Goldman Sachs Group lowered their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. TD Cowen reduced their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Friday. Barclays decreased their price objective on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company cut their price target on Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus lowered their price objective on 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $197.25.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 500 shares of Chart Industries stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now directly owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $147.89 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,109 shares of company stock valued at $160,845. 0.99% of the stock is currently owned by corporate insiders.

Chart Industries Trading Up 3.6 %

Shares of GTLS traded up $5.50 during mid-day trading on Friday, reaching $156.95. 688,310 shares of the company's stock traded hands, compared to its average volume of 713,367. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock's 50-day moving average is $143.45 and its two-hundred day moving average is $169.04. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a market cap of $7.05 billion, a P/E ratio of 45.49, a P/E/G ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion during 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 firm's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Research analysts forecast 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.