Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 53,590 shares of the industrial products company’s stock after selling 4,729 shares during the period. Mutual of America Capital Management LLC’s holdings in Chart Industries were worth $10,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its holdings in Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares during the last quarter. Geode Capital Management LLC raised its holdings in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after acquiring an additional 19,534 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Chart Industries by 4.2% in the third 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. Fisher Asset Management LLC grew its holdings in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Chart Industries by 90.9% in the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GTLS shares. Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Raymond James reissued a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $191.54.

Chart Industries Trading Up 4.6 %

Shares of GTLS stock opened at $190.58 on Friday. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The stock has a fifty day moving average of $199.68 and a two-hundred day moving average of $163.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market capitalization of $8.16 billion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last announced its earnings results 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 the consensus estimate of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 EPS. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current 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.