Mendota Financial Group LLC Sells 350 Shares of Chart Industries, Inc. (NYSE:GTLS)

Mendota Financial Group LLC lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 54.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 292 shares of the industrial products company’s stock after selling 350 shares during the quarter. Mendota Financial Group LLC’s holdings in Chart Industries were worth $56,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GTLS. King Luther Capital Management Corp increased its position in shares of Chart Industries by 2.9% in the third 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 grew its stake in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after buying an additional 19,534 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock worth $99,673,000 after buying an additional 32,442 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of 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 valued at $73,551,000 after buying an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after acquiring an additional 262,592 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $199.69 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $210.66. The stock has a market cap of $8.55 billion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.84. The firm’s fifty day simple moving average is $186.71 and its 200 day simple moving average is $149.82.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. As a group, research analysts predict that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on GTLS. Bank of America dropped their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays reduced their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.75.

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.