Iridian Asset Management LLC CT Sells 23,051 Shares of Chart Industries, Inc. $GTLS

Key Points

• Iridian Asset Management cut its stake in Chart Industries by 78.5% in Q4, selling 23,051 shares and leaving 6,326 shares worth about $1.305 million.
• Chart Industries missed Q4 expectations, reporting $2.51 EPS vs. $3.48 expected and $1.08 billion in revenue vs. $1.23 billion expected, with revenue down 2.5% year-over-year.
• Analysts hold a consensus "Hold" rating with an average price target of $203.67; the stock trades near its 52-week high (~$207) with a market cap of about $9.94 billion and an unusually high trailing P/E (~799).

Iridian Asset Management LLC CT lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 78.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,326 shares of the industrial products company's stock after selling 23,051 shares during the quarter. Iridian Asset Management LLC CT's holdings in Chart Industries were worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GTLS. IFP Advisors Inc grew its stake in Chart Industries by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company's stock valued at $302,000 after purchasing an additional 59 shares during the period. Archford Capital Strategies LLC grew its stake in Chart Industries by 1.7% in the 4th quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company's stock valued at $756,000 after purchasing an additional 60 shares during the period. Savant Capital LLC grew its stake in Chart Industries by 2.0% in the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company's stock valued at $717,000 after purchasing an additional 70 shares during the period. EverSource Wealth Advisors LLC grew its stake in Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 71 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in Chart Industries by 1.7% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company's stock valued at $866,000 after purchasing an additional 73 shares during the period.

Chart Industries Stock Down 0.0%

Shares of NYSE GTLS opened at $207.74 on Monday. Chart Industries, Inc. has a one year low of $116.74 and a one year high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The business's fifty day moving average price is $207.15 and its 200-day moving average price is $204.87. The stock has a market capitalization of $9.94 billion, a PE ratio of 799.05, a P/E/G ratio of 0.81 and a beta of 1.70.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $2.66 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analysts Set New Price Targets

GTLS has been the subject of a number of recent analyst reports. Zacks Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Wall Street Zen upgraded Chart Industries to a "hold" rating in a research note on Saturday, April 4th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $203.67.

About Chart Industries

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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