Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,132 shares of the industrial products company's stock after selling 47,151 shares during the quarter. Marshall Wace LLP owned approximately 0.40% of Chart Industries worth $33,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTLS. Smartleaf Asset Management LLC grew its position in shares of Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company's stock worth $31,000 after buying an additional 92 shares during the last quarter. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the 4th quarter worth approximately $34,000. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares during the last quarter. Spire Wealth Management grew its position in shares of Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company's stock worth $44,000 after buying an additional 69 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GTLS shares. Morgan Stanley dropped their target price on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays dropped their target price on shares of Chart Industries from $165.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Citigroup boosted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. TD Cowen boosted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company dropped 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. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Chart Industries Stock Performance

GTLS stock traded up $5.09 during trading on Thursday, hitting $132.65. The company had a trading volume of 118,180 shares, compared to its average volume of 710,310. The firm has a market cap of $5.96 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $149.80 and a 200-day moving average price of $168.55. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts' consensus estimates of $3.20 by ($0.54). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the business earned $2.25 earnings per share. The business's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Insider Activity at Chart Industries

In other news, CEO Jillian C. Evanko purchased 350 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares in the company, valued at $20,698,083.10. This represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Gerald F. Vinci bought 175 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company's stock, valued at $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 1,109 shares of company stock worth $160,845 over the last 90 days. Company insiders own 0.95% 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.