SIR Capital Management L.P. Sells 67,538 Shares of Chart Industries, Inc. (NYSE:GTLS)

SIR Capital Management L.P. reduced its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 89.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,639 shares of the industrial products company's stock after selling 67,538 shares during the quarter. SIR Capital Management L.P.'s holdings in Chart Industries were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GTLS. Raiffeisen Bank International AG bought a new position in Chart Industries in the 4th quarter worth about $2,764,000. ProShare Advisors LLC grew its holdings in shares of Chart Industries by 41.4% during the fourth quarter. ProShare Advisors LLC now owns 14,073 shares of the industrial products company's stock worth $2,686,000 after purchasing an additional 4,117 shares in the last quarter. MainStreet Investment Advisors LLC purchased a new stake in Chart Industries in the fourth quarter valued at approximately $209,000. Lighthouse Investment Partners LLC bought a new stake in Chart Industries during the fourth quarter valued at approximately $1,908,000. Finally, Interval Partners LP bought a new stake in Chart Industries during the fourth quarter valued at approximately $750,000.

Insider Transactions at Chart Industries

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen cut their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a research note on Friday. Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Barclays upped their price target on Chart Industries from $160.00 to $171.00 and gave the stock an "equal weight" rating in a research note 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. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $199.36.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $2.43 during trading on Monday, hitting $169.43. The company's stock had a trading volume of 368,855 shares, compared to its average volume of 707,146. The company has a 50-day moving average of $143.42 and a 200-day moving average of $172.95. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 0.57 and a beta of 1.69.

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