Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Nkcfo LLC

Key Points

• Nkcfo LLC significantly reduced its stake in Chart Industries, Inc. (GTLS) by 71.4%, selling off 2,500 shares and leaving it with only 1,000 shares valued at $144,000, according to a Form 13F filing.
• Multiple institutional investors, including Capital Analysts LLC and Opal Wealth Advisors LLC, have recently entered positions in Chart Industries, indicating growing interest in the stock.
• Analysts have set varying price targets for GTLS, ranging from $169.00 to $250.00, with a consensus average price target of $199.82 and a majority rating it as a "Buy."

Nkcfo LLC lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 71.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the industrial products company's stock after selling 2,500 shares during the quarter. Nkcfo LLC's holdings in Chart Industries were worth $144,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GTLS. Wolf Hill Capital Management LP purchased a new position in Chart Industries during the fourth quarter worth about $101,121,000. Norges Bank acquired a new stake in shares of Chart Industries during the fourth quarter worth about $88,609,000. Dimensional Fund Advisors LP lifted its position in shares of Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company's stock worth $203,178,000 after purchasing an additional 291,520 shares in the last quarter. Engaged Capital LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $42,900,000. Finally, Frontier Capital Management Co. LLC lifted its position in shares of Chart Industries by 920.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after purchasing an additional 211,134 shares in the last quarter.

Chart Industries Price Performance

Shares of NYSE:GTLS traded down $0.11 during midday trading on Monday, hitting $171.67. 376,003 shares of the stock were exchanged, compared to its average volume of 617,540. The stock has a market cap of $7.85 billion, a P/E ratio of 34.68, a PEG ratio of 0.67 and a beta of 1.68. The company has a current ratio of 1.51, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The company has a 50 day moving average price of $159.43 and a 200-day moving average price of $163.82.

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 for the quarter, beating the consensus estimate of $1.84 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The firm's revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 EPS. On average, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on GTLS shares. Stifel Nicolaus reduced their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price target 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. The Goldman Sachs Group set a $180.00 target price on shares of Chart Industries and gave the company a "neutral" rating in a report on Wednesday, May 28th. Wells Fargo & Company reduced their target price on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Finally, Barclays reduced their target price on shares of Chart Industries from $171.00 to $169.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $199.82.

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.