William Blair Investment Management LLC Sells 240,379 Shares of Chart Industries, Inc. (NYSE:GTLS)

William Blair Investment Management LLC reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 18.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,092,873 shares of the industrial products company’s stock after selling 240,379 shares during the quarter. William Blair Investment Management LLC’s holdings in Chart Industries were worth $208,564,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Archford Capital Strategies LLC boosted its holdings in shares of Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after buying an additional 48 shares in the last quarter. MML Investors Services LLC boosted its stake in Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 63 shares in the last quarter. Assetmark Inc. boosted its stake in Chart Industries by 3.0% in the 4th quarter. Assetmark Inc. now owns 2,185 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Chart Industries by 43.4% in the 4th quarter. Lindbrook Capital LLC now owns 228 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on GTLS shares. Wells Fargo & Company lowered their target price on shares of Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Barclays lifted their target price on shares of Chart Industries from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. BTIG Research lifted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen lifted their target price on shares of Chart Industries from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.08.

Chart Industries Price Performance

NYSE:GTLS opened at $149.06 on Monday. 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 firm has a market cap of $6.81 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a 50 day moving average price of $191.59 and a 200-day moving average price of $165.91. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 28th. The industrial products company reported $2.66 earnings per share 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%. Chart Industries’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $2.25 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current year.

Insider Activity

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

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.