Emerald Advisers LLC Sells 11,714 Shares of Chart Industries, Inc. (NYSE:GTLS)

Emerald Advisers LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 4.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 243,480 shares of the industrial products company’s stock after selling 11,714 shares during the period. Chart Industries comprises 1.5% of Emerald Advisers LLC’s investment portfolio, making the stock its 18th biggest position. Emerald Advisers LLC’s holdings in Chart Industries were worth $35,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of GTLS. Allspring Global Investments Holdings LLC purchased a new position in Chart Industries in the first quarter valued at approximately $30,000. Spire Wealth Management raised its stake in shares of Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rise Advisors LLC lifted its position in shares of Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after buying an additional 181 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Chart Industries during the 4th quarter worth $33,000. Finally, Byrne Asset Management LLC purchased a new stake in Chart Industries in the 2nd quarter worth about $40,000.

Insider Transactions at Chart Industries

In other news, CEO Jillian C. Evanko acquired 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.95% of the company’s stock.

Chart Industries Stock Down 0.9 %

GTLS stock opened at $112.06 on Friday. The company’s 50 day moving average is $135.33 and its 200 day moving average is $144.49. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 112.06, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28. Chart Industries, Inc. has a 1-year low of $106.88 and a 1-year high of $179.43.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the company earned $1.19 EPS. Chart Industries’s quarterly revenue was up 14.5% on a year-over-year basis. Sell-side analysts predict that Chart Industries, Inc. will post 10.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GTLS shares. Wells Fargo & Company cut their target price on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Barclays lowered their target price on shares of Chart Industries from $193.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Bank of America raised their price target on Chart Industries from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $199.00 price objective on shares of Chart Industries in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.46.

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.