Advisors Asset Management Inc. Sells 135 Shares of Chart Industries, Inc. (NYSE:GTLS)

Advisors Asset Management Inc. lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 21.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 488 shares of the industrial products company’s stock after selling 135 shares during the period. Advisors Asset Management Inc.’s holdings in Chart Industries were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GTLS. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth approximately $34,000. UMB Bank n.a. lifted its stake in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Chart Industries during the second quarter valued at approximately $40,000. Ecofi Investissements SA purchased a new stake in Chart Industries in the second quarter worth $50,000. Finally, Mendota Financial Group LLC raised its holdings in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares in the last quarter.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of research reports. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Barclays lowered their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Monday, September 16th. Finally, Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $178.82.

Chart Industries Stock Performance

GTLS stock opened at $193.25 on Friday. The stock’s 50 day simple moving average is $143.84 and its 200 day simple moving average is $140.12. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $196.91. The stock has a market capitalization of $8.27 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Chart Industries

In other news, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the purchase, the director now directly owns 2,107 shares in the company, valued at approximately $224,500.85. This represents a 31.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.35 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

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.