Principal Financial Group Inc. Sells 31,122 Shares of Chart Industries, Inc. (NYSE:GTLS)

Principal Financial Group Inc. reduced its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,601 shares of the industrial products company's stock after selling 31,122 shares during the period. Principal Financial Group Inc. owned 1.53% of Chart Industries worth $99,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Manhattan CO. LLC. grew its holdings in shares of Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company's stock worth $340,000 after acquiring an additional 54 shares during the period. Assetmark Inc. grew its stake in Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company's stock worth $417,000 after purchasing an additional 64 shares during the period. Lindbrook Capital LLC grew its stake in Chart Industries by 43.4% in the fourth quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after purchasing an additional 69 shares during the period. Smartleaf Asset Management LLC raised its holdings in Chart Industries by 129.6% in the fourth 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Chart Industries by 1.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares during the period.

Analysts Set New Price Targets

GTLS has been the subject of several analyst reports. TD Cowen reduced their price target on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Stifel Nicolaus cut their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays boosted their price objective on shares of Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Two equities research 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 company's stock. According to MarketBeat, Chart Industries currently has a consensus rating of "Buy" and an average target price of $200.00.

Chart Industries Stock Up 1.2%

GTLS stock opened at $170.11 on Friday. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 0.68 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.21 and a current ratio of 1.51. The business's 50-day moving average is $155.74 and its two-hundred day moving average is $166.89. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS 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 analyst estimates of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Chart Industries 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.

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