Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 99.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,877 shares of the industrial products company’s stock after selling 6,874,281 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chart Industries were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EFG Asset Management North America Corp. lifted its stake in shares of Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock valued at $1,916,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Chart Industries by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 64 shares during the period. Arizona State Retirement System boosted its stake in shares of Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock worth $1,708,000 after acquiring an additional 87 shares in the last quarter. Aristeia Capital L.L.C. grew its holdings in shares of Chart Industries by 3.7% in the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 92 shares during the period. Finally, Register Financial Advisors LLC raised its holdings in Chart Industries by 1.6% during the second quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 100 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GTLS shares. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Barclays dropped their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company 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 research report on Monday, September 16th. The Goldman Sachs Group lowered their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

Insider Transactions at Chart Industries

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

Chart Industries Stock Down 1.2 %

GTLS stock opened at $193.25 on Monday. The company has a 50 day moving average price of $143.84 and a two-hundred day moving average price of $139.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a market capitalization of $8.27 billion, a P/E ratio of 56.01, a PEG ratio of 0.99 and a beta of 1.71. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $196.91.

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

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.