Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Future Fund LLC

Future Fund LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 45.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,759 shares of the industrial products company’s stock after selling 4,800 shares during the quarter. Chart Industries comprises approximately 3.1% of Future Fund LLC’s investment portfolio, making the stock its 14th biggest holding. Future Fund LLC’s holdings in Chart Industries were worth $1,099,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in 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 purchasing an additional 262,592 shares during the period. Keybank National Association OH grew its holdings in Chart Industries by 10,372.6% during the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock worth $47,087,000 after acquiring an additional 244,378 shares during the period. Van Berkom & Associates Inc. acquired a new stake in Chart Industries during the fourth quarter worth about $35,543,000. Braun Stacey Associates Inc. purchased a new position in Chart Industries during the fourth quarter valued at approximately $16,631,000. Finally, WCM Investment Management LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $16,239,000.

Analyst Ratings Changes

Several research firms have recently weighed in on GTLS. Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Wells Fargo & Company cut their price objective on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Stifel Nicolaus upped their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Finally, BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $149.89 on Monday. The stock has a market capitalization of $6.85 billion, a P/E ratio of 43.45, a PEG ratio of 0.57 and a beta of 1.87. The business has a 50 day simple moving average of $196.25 and a two-hundred day simple moving average of $165.11. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00.

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

Insider Transactions at Chart Industries

In related news, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $150.35 per share, with a total value of $52,622.50. Following the purchase, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.95% of the company’s stock.

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.