Needham Investment Management LLC Sells 3,500 Shares of Chart Industries, Inc. (NYSE:GTLS)

Needham Investment Management LLC decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,000 shares of the industrial products company's stock after selling 3,500 shares during the quarter. Needham Investment Management LLC owned about 0.06% of Chart Industries worth $4,580,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GTLS. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in Chart Industries by 26.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock valued at $1,813,000 after purchasing an additional 2,000 shares during the period. Connective Portfolio Management LLC acquired a new position in Chart Industries during the fourth quarter valued at approximately $725,000. Park Avenue Securities LLC bought a new position in Chart Industries in the fourth quarter valued at approximately $410,000. Sheets Smith Wealth Management lifted its stake in Chart Industries by 38.4% in the fourth quarter. Sheets Smith Wealth Management now owns 11,612 shares of the industrial products company's stock valued at $2,216,000 after buying an additional 3,223 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake 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 valued at $31,000 after buying an additional 92 shares in the last quarter.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko acquired 350 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $150.35 per share, with a total value of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gerald F. Vinci acquired 175 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. This trade represents a 58.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 over the last ninety days. Insiders own 0.99% of the company's stock.

Chart Industries Stock Up 0.8%

GTLS traded up $1.31 during trading on Friday, reaching $171.66. 367,596 shares of the stock were exchanged, compared to its average volume of 707,692. The stock has a market cap of $7.84 billion, a P/E ratio of 49.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.69. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock's 50 day moving average price is $142.47 and its two-hundred day moving average price is $171.63. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of research reports. Wells Fargo & Company cut their price target on shares of Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group cut their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley cut 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. Finally, Citigroup boosted their price objective 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. Two 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. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $199.36.

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.