B. Riley Wealth Advisors Inc. Sells 8,210 Shares of Chart Industries, Inc. (NYSE:GTLS)

B. Riley Wealth Advisors Inc. decreased its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 36.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,047 shares of the industrial products company's stock after selling 8,210 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Chart Industries were worth $2,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Analysts LLC bought a new stake in shares of Chart Industries in the 4th quarter worth approximately $25,000. 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 bought a new stake in Chart Industries in the fourth quarter worth $34,000. Blue Trust Inc. boosted its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the period. Finally, Spire Wealth Management boosted its position in Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after buying an additional 125 shares during the period.

Chart Industries Stock Down 1.2%

Shares of GTLS traded down $1.97 during trading hours on Friday, hitting $157.00. The company had a trading volume of 420,687 shares, compared to its average volume of 705,591. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The firm has a fifty day moving average price of $144.63 and a 200-day moving average price of $172.81. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 0.57 and a beta of 1.69. 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 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 38.8% on a year-over-year basis. During the same period last year, the company earned $1.49 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GTLS shares. The Goldman Sachs Group set a $180.00 price objective on Chart Industries and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley cut their price target on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. TD Cowen reduced their price objective on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Barclays raised their target price on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Citigroup boosted 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $200.00.

Insider Activity

In other news, CEO Jillian C. Evanko purchased 350 shares of the business's stock in a transaction 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 purchase, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This trade represents a 0.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gerald F. Vinci acquired 175 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,109 shares of company stock valued at $160,845 over the last three months. Insiders own 0.99% of the company's stock.

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.