PNC Financial Services Group Inc. Trims Stake in Chart Industries, Inc. (NYSE:GTLS)

PNC Financial Services Group Inc. reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,052 shares of the industrial products company’s stock after selling 592 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Chart Industries were worth $392,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC lifted its stake in shares of Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after buying an additional 48 shares in the last quarter. MML Investors Services LLC raised its holdings in Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 63 shares during the period. Assetmark Inc. lifted its position in shares of Chart Industries by 3.0% in the fourth quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 64 shares in the last quarter. Blue Trust Inc. grew its position in shares of Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 69 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Cowen upped their price target on Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. BTIG Research boosted their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company cut their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.08.

Insider Buying and Selling

In other Chart Industries news, VP Gerald F. Vinci bought 175 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, for a total transaction of $25,880.75. Following the completion of the transaction, the vice president now owns 475 shares in the company, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda S. Harty purchased 500 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $140.85 per share, for a total transaction of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. The trade was a 4.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,109 shares of company stock valued at $160,845. Company insiders own 0.95% of the company’s stock.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $155.48 on Friday. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. 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 50 day moving average price of $187.64 and a 200-day moving average price of $166.15. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business earned $2.25 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Chart Industries, Inc. will post 9.02 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.