Chart Industries, Inc. (NYSE:GTLS) Shares Sold by No Street GP LP

No Street GP LP reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,075,000 shares of the industrial products company's stock after selling 60,000 shares during the period. Chart Industries makes up approximately 13.6% of No Street GP LP's portfolio, making the stock its biggest holding. No Street GP LP owned 2.51% of Chart Industries worth $205,153,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC grew its position 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 valued at $31,000 after acquiring an additional 92 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% during 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 grew its position in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 125 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Wells Fargo & Company lowered their price objective on Chart Industries from $214.00 to $208.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Stifel Nicolaus lowered their price objective on Chart Industries from $231.00 to $214.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Cowen lowered their price objective on Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Citigroup lifted their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Chart Industries has a consensus rating of "Buy" and an average target price of $199.36.

Chart Industries Price Performance

GTLS traded up $1.31 during trading on Friday, reaching $171.66. The company's stock had a trading volume of 367,596 shares, compared to its average volume of 707,692. 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 fifty day simple moving average of $142.95 and a two-hundred day simple moving average of $171.97. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS - Get Free Report) last released 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 analyst estimates of $1.02 billion. During the same period last year, the company posted $1.49 EPS. The business's revenue was up 38.8% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insiders Place Their Bets

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

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.