Chart Industries, Inc. (NYSE:GTLS) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,341 shares of the industrial products company’s stock after selling 372 shares during the period. Jennison Associates LLC owned 0.18% of Chart Industries worth $9,725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in shares of Chart Industries during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after buying an additional 255 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in Chart Industries in the second quarter worth $40,000. Ecofi Investissements SA bought a new stake in Chart Industries in the second quarter valued at $50,000. Finally, Mendota Financial Group LLC boosted its holdings in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 203 shares during the period.

Chart Industries Trading Up 4.4 %

Shares of GTLS stock opened at $183.81 on Friday. The stock has a 50-day simple moving average of $136.66 and a 200 day simple moving average of $138.82. The stock has a market capitalization of $7.87 billion, a P/E ratio of 53.28, a P/E/G ratio of 0.87 and a beta of 1.71. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $186.18. 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 (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. Barclays dropped their price objective 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. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a research note on Monday, September 16th. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus raised their target price on Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Insider Buying and Selling at Chart Industries

In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company’s stock.

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.