Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,816,225 shares of the industrial products company’s stock after selling 75,105 shares during the period. Nordea Investment Management AB owned 4.24% of Chart Industries worth $350,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the 3rd quarter worth $34,000. UMB Bank n.a. raised its position in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries in the 2nd quarter valued at about $50,000. GAMMA Investing LLC boosted its position in shares of Chart Industries by 74.0% during the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 247 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Chart Industries in the 2nd quarter worth approximately $91,000.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $198.96 on Monday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $204.23. The firm has a fifty day simple moving average of $177.87 and a 200-day simple moving average of $147.39. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 57.67, a PEG ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last released its quarterly 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). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on GTLS shares. 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. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Wells Fargo & Company lowered their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

Chart Industries 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.