The Manufacturers Life Insurance Company Has $9.89 Million Holdings in Chart Industries, Inc. (NYSE:GTLS)

The Manufacturers Life Insurance Company lessened its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,796 shares of the industrial products company's stock after selling 5,135 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of Chart Industries worth $9,885,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Chart Industries during the third quarter worth $251,000. Principal Financial Group Inc. raised its stake in Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after acquiring an additional 32,442 shares during the period. GAMMA Investing LLC lifted its holdings in Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company's stock worth $111,000 after acquiring an additional 247 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Chart Industries in the fourth quarter valued at approximately $260,000. Finally, Michael S. Ryan Inc. bought a new position in shares of Chart Industries during the fourth quarter valued at approximately $219,000.

Chart Industries Price Performance

Shares of NYSE GTLS traded up $1.65 during mid-day trading on Friday, reaching $159.07. The company had a trading volume of 483,258 shares, compared to its average volume of 709,085. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $7.15 billion, a PE ratio of 46.11, a P/E/G ratio of 0.57 and a beta of 1.69. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $140.86 and a two-hundred day moving average price of $170.01.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus lowered 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. Wells Fargo & Company cut their price objective 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. The Goldman Sachs Group decreased their target price on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Barclays lifted their price target on Chart Industries from $160.00 to $171.00 and gave the company an "equal weight" rating in a report on Monday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $201.64.

Insider Activity

In other news, CEO Jillian C. Evanko acquired 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 owns 137,666 shares in the company, valued at approximately $20,698,083.10. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 500 shares of the company's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the transaction, the director now owns 11,684 shares in the company, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,109 shares of company stock worth $160,845. 0.99% of the stock is owned by corporate insiders.

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.