Blume Capital Management Inc. Has $3.36 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Blume Capital Management Inc. lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,617 shares of the industrial products company’s stock after selling 75 shares during the period. Blume Capital Management Inc.’s holdings in Chart Industries were worth $3,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Chart Industries by 129.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 92 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the 3rd quarter valued at $34,000. Fairway Wealth LLC bought a new stake in shares of Chart Industries during the 4th quarter valued at $34,000. Blue Trust Inc. raised its position in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter.

Insider Transactions at Chart Industries

In other news, Director Linda S. Harty bought 500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, for a total transaction of $70,425.00. Following the purchase, the director now owns 11,684 shares of the company’s stock, valued at approximately $1,645,691.40. This trade represents a 4.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Gerald F. Vinci bought 175 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price 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 $70,247.75. The trade was a 58.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 1,109 shares of company stock worth $160,845 in the last three months. Insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GTLS shares. TD Cowen upped their target price on shares of Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Raymond James restated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wells Fargo & Company lowered their price objective on shares of 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, The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.08.

Chart Industries Trading Down 2.3 %

Chart Industries stock opened at $142.65 on Friday. The firm has a 50-day moving average of $193.53 and a 200-day moving average of $165.32. Chart Industries, Inc. has a one year low of $101.60 and a one year 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. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 0.57 and a beta of 1.87.

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 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $2.25 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.