Kingsview Wealth Management LLC Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Kingsview Wealth Management LLC reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,794 shares of the industrial products company’s stock after selling 2,812 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chart Industries were worth $968,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. King Luther Capital Management Corp raised its holdings in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after buying an additional 29,139 shares during the last quarter. Principal Financial Group Inc. raised its stake in Chart Industries by 4.2% in the 3rd 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in Chart Industries by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 501,888 shares of the industrial products company’s stock worth $62,304,000 after acquiring an additional 11,706 shares during the period. Perpetual Ltd grew its stake in Chart Industries by 7.3% during the 3rd quarter. Perpetual Ltd now owns 500,256 shares of the industrial products company’s stock valued at $62,102,000 after purchasing an additional 34,153 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Chart Industries by 504.7% in the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock valued at $66,896,000 after purchasing an additional 386,821 shares during the period.

Chart Industries Stock Performance

NYSE GTLS opened at $190.60 on Wednesday. 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 twelve month low of $101.60 and a twelve month high of $192.99. The stock has a 50-day moving average of $138.11 and a 200 day moving average of $138.78. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 55.25, a PEG ratio of 0.94 and a beta of 1.71.

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

Analysts Set New Price Targets

GTLS has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Craig Hallum raised their target price 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. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus lifted their price objective on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $178.82.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul E. Mahoney bought 500 shares of Chart Industries stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 over the last 90 days. Corporate insiders own 0.95% of the company’s stock.

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.