SG Americas Securities LLC Sells 11,506 Shares of Chart Industries, Inc. (NYSE:GTLS)

SG Americas Securities LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 42.7% in the fourth quarter, Holdings Channel reports. The firm owned 15,448 shares of the industrial products company’s stock after selling 11,506 shares during the quarter. SG Americas Securities LLC’s holdings in Chart Industries were worth $2,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Chart Industries by 504.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after buying an additional 386,821 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after acquiring an additional 262,592 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Chart Industries by 385.3% in the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after acquiring an additional 156,562 shares during the last quarter. Victory Capital Management Inc. raised its position in Chart Industries by 27.4% during the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after purchasing an additional 83,685 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Chart Industries by 34.9% during the third quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company’s stock worth $31,490,000 after purchasing an additional 65,615 shares during the last quarter.

Chart Industries Stock Up 1.1 %

Shares of GTLS opened at $218.41 on Friday. The stock’s 50-day moving average price is $195.45 and its two-hundred day moving average price is $154.35. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a market capitalization of $9.35 billion, a PE ratio of 63.31, a PEG ratio of 0.64 and a beta of 1.84. 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 (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GTLS shares. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Barclays decreased their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group increased their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. BTIG Research lifted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

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.