Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 80.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,289 shares of the industrial products company’s stock after selling 159,122 shares during the period. Granahan Investment Management LLC owned 0.09% of Chart Industries worth $7,498,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Chart Industries by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Chart Industries by 74.0% in the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares during the period. Community Trust & Investment Co. grew its position in shares of Chart Industries by 0.3% during the 4th quarter. Community Trust & Investment Co. now owns 78,189 shares of the industrial products company’s stock valued at $14,922,000 after buying an additional 272 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Chart Industries in the fourth quarter worth about $260,000. Finally, Park Avenue Securities LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $410,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays raised their price target on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. TD Cowen lowered their price target on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group reduced their target price on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Morgan Stanley dropped their price target on shares of Chart Industries from $275.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup boosted their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Buy” and a consensus price target of $201.64.

Insider Activity

In other Chart Industries news, Director Linda S. Harty bought 500 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $140.85 per share, with a total value of $70,425.00. Following the completion of the transaction, the director now directly owns 11,684 shares in the company, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $150.35 per share, for a total transaction of $52,622.50. Following the completion of the transaction, the chief executive officer now directly owns 137,666 shares of the company’s stock, valued at $20,698,083.10. This trade represents a 0.25 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 1,109 shares of company stock valued at $160,845 over the last three months. Insiders own 0.99% of the company’s stock.

Chart Industries Price Performance

NYSE:GTLS opened at $159.07 on Friday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.15 billion, a P/E ratio of 46.11, a PEG ratio of 0.57 and a beta of 1.69. The business’s 50-day moving average price is $140.70 and its 200 day moving average price is $170.26.

Chart Industries (NYSE:GTLS) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.84 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 earnings per share. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.