Natixis Advisors L.P. Sells 9,354 Shares of Chart Industries, Inc. (NYSE:GTLS)

Natixis Advisors L.P. cut its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 37.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,669 shares of the industrial products company's stock after selling 9,354 shares during the period. Natixis Advisors L.P.'s holdings in Chart Industries were worth $2,136,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GTLS. Nordea Investment Management AB lifted its holdings in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company's stock worth $268,088,000 after acquiring an additional 101,404 shares during the period. Vontobel Holding Ltd. lifted its stake in Chart Industries by 10.4% during the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company's stock worth $19,055,000 after purchasing an additional 13,155 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Chart Industries during the fourth quarter valued at approximately $1,366,000. Peregrine Capital Management LLC grew its stake in shares of Chart Industries by 13.0% in the 4th quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company's stock valued at $10,588,000 after purchasing an additional 8,938 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of Chart Industries in the 4th quarter worth approximately $1,193,000.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. TD Cowen upped their price target on Chart Industries from $260.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, May 6th. Barclays assumed coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an "equal weight" rating and a $193.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Morgan Stanley initiated coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an "equal weight" rating and a $200.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on Chart Industries from $224.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has a consensus rating of "Moderate Buy" and an average price target of $196.21.

Chart Industries Trading Up 4.9 %

Shares of GTLS traded up $7.56 on Tuesday, reaching $160.71. 1,394,100 shares of the company's stock were exchanged, compared to its average volume of 622,116. Chart Industries, Inc. has a 12 month low of $106.66 and a 12 month high of $184.65. The stock has a market capitalization of $6.88 billion, a P/E ratio of 153.49, a price-to-earnings-growth ratio of 0.42 and a beta of 1.73. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $152.35 and a two-hundred day moving average price of $136.10.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The business had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. During the same quarter in the previous year, the firm posted $1.41 EPS. The business's revenue was up 76.7% on a year-over-year basis. Research analysts anticipate that Chart Industries, Inc. will post 11.91 earnings per share for the current year.

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.