Bamco Inc. NY Decreases Position in Chart Industries, Inc. (NYSE:GTLS)

Bamco Inc. NY lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,664 shares of the industrial products company’s stock after selling 181,299 shares during the quarter. Bamco Inc. NY owned 2.39% of Chart Industries worth $126,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the 3rd quarter valued at about $34,000. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of Chart Industries during the 2nd quarter worth approximately $40,000. Ecofi Investissements SA acquired a new position in shares of Chart Industries during the 2nd quarter worth approximately $50,000. Finally, Mendota Financial Group LLC lifted its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares in the last quarter.

Chart Industries Stock Down 1.2 %

Shares of NYSE GTLS opened at $193.25 on Monday. The stock has a market capitalization of $8.27 billion, a PE ratio of 56.01, a P/E/G ratio of 0.99 and a beta of 1.71. 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 fifty day moving average of $143.84 and a 200-day moving average of $139.98. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $196.91.

Chart Industries (NYSE:GTLS) last posted 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 firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. On average, analysts anticipate that Chart Industries, Inc. will post 9.03 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul E. Mahoney bought 500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, with a total value of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This represents a 31.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $240,250. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,152 shares of company stock valued at $482,278. 0.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. 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. Wells Fargo & Company lowered their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lowered their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.82.

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.