Aristotle Atlantic Partners LLC Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Aristotle Atlantic Partners LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 111,097 shares of the industrial products company’s stock after selling 20,189 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Chart Industries were worth $21,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in GTLS. Ardsley Advisory Partners LP acquired a new stake in shares of Chart Industries during the fourth quarter worth about $3,817,000. AXA S.A. lifted its stake in Chart Industries by 20.7% during the 4th quarter. AXA S.A. now owns 188,527 shares of the industrial products company’s stock valued at $35,978,000 after acquiring an additional 32,275 shares during the period. 360 Financial Inc. purchased a new stake in shares of Chart Industries in the 4th quarter valued at $229,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Chart Industries by 244.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,464 shares of the industrial products company’s stock worth $1,233,000 after acquiring an additional 4,589 shares during the period. Finally, Castalian Partners LLC purchased a new position in shares of Chart Industries during the fourth quarter worth $954,000.

Chart Industries Stock Up 3.6 %

GTLS opened at $156.95 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 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 $220.03. The company has a market cap of $7.05 billion, a PE ratio of 45.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.68. The company has a 50-day moving average price of $143.01 and a 200 day moving average price of $169.26.

Chart Industries (NYSE:GTLS) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.02. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the business posted $1.49 earnings per share. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Insider Transactions at Chart Industries

In related news, Director Linda S. Harty acquired 500 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the completion of the purchase, the vice president now directly owns 475 shares in the company, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 1,109 shares of company stock valued at $160,845 over the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on GTLS. Stifel Nicolaus cut their price target on Chart Industries from $231.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley lowered their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Barclays cut their price objective on shares of Chart Industries from $165.00 to $160.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Three 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.25.

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.