Financial Management Professionals Inc. Sells 216 Shares of Chart Industries, Inc. (NYSE:GTLS)

Financial Management Professionals Inc. lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 31.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 464 shares of the industrial products company’s stock after selling 216 shares during the quarter. Financial Management Professionals Inc.’s holdings in Chart Industries were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC bought a new stake in Chart Industries in the first quarter valued at about $30,000. UMB Bank n.a. grew 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 worth $39,000 after buying an additional 255 shares during the last quarter. Byrne Asset Management LLC bought a new stake in Chart Industries during the second quarter worth about $40,000. Ecofi Investissements SA bought a new stake in Chart Industries during the second quarter worth about $50,000. Finally, Covestor Ltd grew its stake in Chart Industries by 509.8% during the first quarter. Covestor Ltd now owns 372 shares of the industrial products company’s stock worth $61,000 after buying an additional 311 shares during the last quarter.

Chart Industries Trading Up 0.9 %

Shares of NYSE GTLS opened at $123.68 on Monday. The company’s 50 day simple moving average is $121.10 and its 200 day simple moving average is $137.85. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $171.68. The firm has a market capitalization of $5.29 billion, a P/E ratio of 123.68, a P/E/G ratio of 0.57 and a beta of 1.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.39). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Chart Industries, Inc. will post 9.94 EPS for the current year.

Insiders Place Their Bets

In other news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost 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. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GTLS. Barclays decreased their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Craig Hallum decreased their price objective on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus target price of $178.00.

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.