DAVENPORT & Co LLC Sells 136,572 Shares of Chart Industries, Inc. (NYSE:GTLS)

DAVENPORT & Co LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 47.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 150,818 shares of the industrial products company’s stock after selling 136,572 shares during the period. DAVENPORT & Co LLC’s holdings in Chart Industries were worth $28,746,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. National Bank of Canada FI grew its stake in Chart Industries by 328.7% during the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of Chart Industries by 26.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of Chart Industries during the 3rd quarter valued at about $373,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $211.70 on Monday. 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 stock has a fifty day moving average of $198.92 and a 200 day moving average of $156.10. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 0.61 and a beta of 1.84. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $1.28 EPS. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GTLS. BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Craig Hallum lifted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays cut their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Finally, Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.