Tanaka Capital Management Inc. Sells 905 Shares of Chart Industries, Inc. (NYSE:GTLS)

Tanaka Capital Management Inc. trimmed its stake in Chart Industries, Inc. (NYSE:GTLS) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the industrial products company’s stock after selling 905 shares during the period. Chart Industries comprises 1.4% of Tanaka Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Tanaka Capital Management Inc.’s holdings in Chart Industries were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP lifted its holdings in Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after buying an additional 386,821 shares during the period. Point72 Asset Management L.P. raised its position in shares of Chart Industries by 323.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 416,150 shares of the industrial products company’s stock worth $60,067,000 after acquiring an additional 317,775 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Chart Industries by 90.9% during 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. Driehaus Capital Management LLC boosted its position in Chart Industries by 385.3% during the second quarter. Driehaus Capital Management LLC now owns 197,197 shares of the industrial products company’s stock valued at $28,463,000 after purchasing an additional 156,562 shares in the last quarter. Finally, Primecap Management Co. CA purchased a new position in Chart Industries in the second quarter valued at about $14,333,000.

Chart Industries Price Performance

Chart Industries stock opened at $190.41 on Monday. The stock has a market capitalization of $8.15 billion, a P/E ratio of 55.19, a P/E/G ratio of 0.98 and a beta of 1.86. The company’s fifty day moving average price is $150.58 and its 200 day moving average price is $141.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $196.91.

Chart Industries (NYSE:GTLS) last issued 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). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm 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 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. As a group, equities research analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on GTLS. Bank of America lowered their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company cut their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Three research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Transactions at Chart Industries

In related news, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, with a total value of $53,275.00. Following the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. The trade was a 31.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $240,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,712 shares of company stock valued at $431,982. 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.