Rheos Capital Works Inc. Sells 14,000 Shares of Chart Industries, Inc. (NYSE:GTLS)

Rheos Capital Works Inc. lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,500 shares of the industrial products company’s stock after selling 14,000 shares during the quarter. Rheos Capital Works Inc.’s holdings in Chart Industries were worth $4,294,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the 3rd quarter valued at approximately $34,000. Blue Trust Inc. grew its holdings in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 65 shares in the last quarter. Spire Wealth Management increased its position in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. UMB Bank n.a. raised its stake in Chart Industries by 418.0% during 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 in the last quarter. Finally, Mendota Financial Group LLC lifted its position in 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 purchasing an additional 203 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $211.70 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The firm has a market cap of $9.06 billion, a PE ratio of 61.36, a price-to-earnings-growth ratio of 0.63 and a beta of 1.84. The firm’s 50 day simple moving average is $198.92 and its 200-day simple moving average is $156.10. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its earnings results 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 net margin of 4.30% and a return on equity of 13.25%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GTLS shares. 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 report on Monday, December 16th. Craig Hallum lifted their target price on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Company Profile

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.