Beck Capital Management LLC Sells 561 Shares of Chart Industries, Inc. (NYSE:GTLS)

Beck Capital Management LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,626 shares of the industrial products company’s stock after selling 561 shares during the period. Beck Capital Management LLC owned about 0.06% of Chart Industries worth $3,429,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EFG Asset Management North America Corp. increased its stake in Chart Industries by 0.5% in the second quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company’s stock worth $1,916,000 after purchasing an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Chart Industries by 3.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company’s stock worth $270,000 after buying an additional 64 shares during the period. Arizona State Retirement System lifted its holdings in Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company’s stock valued at $1,708,000 after buying an additional 87 shares in the last quarter. Aristeia Capital L.L.C. boosted its position in Chart Industries by 3.7% in the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company’s stock valued at $377,000 after buying an additional 92 shares during the period. Finally, Register Financial Advisors LLC grew its stake in Chart Industries by 1.6% in the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company’s stock worth $918,000 after acquiring an additional 100 shares in the last quarter.

Chart Industries Price Performance

Shares of GTLS stock opened at $193.25 on Monday. The stock’s 50-day moving average is $143.84 and its 200 day moving average is $139.98. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $196.91. 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 $8.27 billion, a P/E ratio of 56.01, a PEG ratio of 0.99 and a beta of 1.71.

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

Insider Buying and Selling at Chart Industries

In related news, Director Linda S. Harty acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares in the company, valued at $1,207,640. The trade was a 10.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. The trade was a 0.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 7,152 shares of company stock worth $482,278 over the last three months. Corporate insiders own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective on the stock in a report on Monday, September 16th. The Goldman Sachs Group lowered 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. Barclays cut their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company decreased their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.82.

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.