Man Group plc Sells 9,091 Shares of Chart Industries, Inc. (NYSE:GTLS)

Man Group plc lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 31.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,593 shares of the industrial products company's stock after selling 9,091 shares during the period. Man Group plc's holdings in Chart Industries were worth $3,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC purchased a new position in Chart Industries during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC raised its stake 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 worth $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC purchased a new stake in shares of Chart Industries during the 4th quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 65 shares during the period. Finally, Spire Wealth Management raised its position in shares of Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 125 shares during the period.

Chart Industries Stock Performance

NYSE:GTLS traded down $0.76 during mid-day trading on Friday, reaching $158.03. The company's stock had a trading volume of 291,727 shares, compared to its average volume of 708,814. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market cap of $7.22 billion, a P/E ratio of 45.81, a PEG ratio of 0.57 and a beta of 1.69. The firm's fifty day moving average price is $144.40 and its two-hundred day moving average price is $172.99. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm posted $1.49 earnings per share. The business's revenue for the quarter was up 38.8% on a year-over-year basis. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target 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. Barclays lifted their price target on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley decreased their price objective on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, The Goldman Sachs Group dropped their price objective on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Chart Industries presently has an average rating of "Buy" and a consensus target price of $199.36.

Insider Buying and Selling at Chart Industries

In other news, VP Gerald F. Vinci bought 175 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,109 shares of company stock valued at $160,845. Insiders own 0.99% of the company's stock.

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.