Corebridge Financial Inc. Has $13.10 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Corebridge Financial Inc. cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,660 shares of the industrial products company’s stock after selling 3,731 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Chart Industries worth $13,103,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Chart Industries by 248.0% in 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 during the last quarter. Fisher Asset Management LLC increased its position 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 acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in 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 valued at $1,813,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Chart Industries during the 3rd quarter worth approximately $373,000.

Chart Industries Trading Down 1.1 %

Shares of Chart Industries stock opened at $161.11 on Wednesday. The company has a market capitalization of $7.36 billion, a P/E ratio of 46.70, a P/E/G ratio of 0.57 and a beta of 1.87. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. 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 company has a fifty day moving average of $185.24 and a 200 day moving average of $167.82.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 EPS. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. Citigroup increased their price objective on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. TD Cowen raised their target price on Chart Industries from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, BTIG Research increased their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Insider Transactions at Chart Industries

In other Chart Industries news, VP Gerald F. Vinci purchased 175 shares of Chart Industries stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $147.89 per share, with a total value of $25,880.75. Following the transaction, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This represents a 58.33 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 350 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the completion of the acquisition, the chief executive officer now owns 137,666 shares in the company, valued at approximately $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,109 shares of company stock valued at $160,845. Corporate insiders own 0.95% of the company’s stock.

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.