Evercore Wealth Management LLC Decreases Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Evercore Wealth Management LLC reduced its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,396 shares of the industrial products company's stock after selling 7,095 shares during the quarter. Evercore Wealth Management LLC owned 0.05% of Chart Industries worth $4,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in 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 buying an additional 92 shares during the last quarter. Fairway Wealth LLC bought a new stake in Chart Industries in the 4th quarter worth approximately $34,000. Blue Trust Inc. lifted its position in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares during the last quarter. Spire Wealth Management lifted its position in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position 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 buying an additional 69 shares during the last quarter.

Chart Industries Trading Up 0.8 %

Shares of GTLS traded up $1.09 during mid-day trading on Tuesday, hitting $136.12. 131,139 shares of the company's stock traded hands, compared to its average volume of 707,929. 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 1 year low of $101.60 and a 1 year high of $220.03. The firm has a market capitalization of $6.12 billion, a P/E ratio of 39.41, a PEG ratio of 0.57 and a beta of 1.68. The business's 50-day moving average price is $146.13 and its 200-day moving average price is $169.34.

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GTLS shares. Citigroup boosted their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on Chart Industries from $165.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, TD Cowen boosted their price objective on Chart Industries from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Three 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's stock. According to data from MarketBeat, Chart Industries currently has an average rating of "Moderate Buy" and an average target price of $197.67.

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.