Marshall Wace LLP Sells 47,151 Shares of Chart Industries, Inc. (NYSE:GTLS)

Marshall Wace LLP reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,132 shares of the industrial products company’s stock after selling 47,151 shares during the period. Marshall Wace LLP owned about 0.40% of Chart Industries worth $33,041,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in Chart Industries by 129.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 92 shares during the period. Fairway Wealth LLC purchased a new position in shares of Chart Industries in the fourth quarter worth about $34,000. Blue Trust Inc. increased its holdings in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the period. Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% in 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. Finally, Lindbrook Capital LLC boosted its holdings in Chart Industries by 43.4% during the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 69 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GTLS. Wells Fargo & Company dropped their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. TD Cowen increased their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Barclays reduced their price target on Chart Industries from $165.00 to $160.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average target price of $201.42.

Chart Industries Trading Up 3.0 %

NYSE GTLS opened at $128.61 on Friday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock’s fifty day moving average price is $154.07 and its 200-day moving average price is $168.53. The stock has a market cap of $5.78 billion, a P/E ratio of 37.28, a P/E/G ratio of 0.57 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last announced 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). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Insider Activity at Chart Industries

In related news, VP Gerald F. Vinci bought 175 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares of the company’s stock, valued at approximately $70,247.75. The trade was a 58.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,109 shares of company stock valued at $160,845. 0.95% of the stock is owned by corporate insiders.

About Chart Industries

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.