Kingfisher Capital LLC Sells 2,738 Shares of Chart Industries, Inc. (NYSE:GTLS)

Kingfisher Capital LLC reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 12.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,870 shares of the industrial products company’s stock after selling 2,738 shares during the period. Kingfisher Capital LLC’s holdings in Chart Industries were worth $2,343,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SIR Capital Management L.P. boosted its stake in shares of Chart Industries by 74.7% during the second quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock valued at $14,050,000 after purchasing an additional 41,626 shares in the last quarter. NBW Capital LLC increased its holdings in shares of Chart Industries by 28.7% in the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock valued at $9,661,000 after acquiring an additional 13,062 shares during the period. Fisher Asset Management LLC raised its position in shares of Chart Industries by 2.3% in the 3rd 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 in the last quarter. Premier Fund Managers Ltd purchased a new stake in shares of Chart Industries during the third quarter valued at about $733,000. Finally, Primecap Management Co. CA acquired a new stake in Chart Industries in the second quarter valued at approximately $14,333,000.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $240,250. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This represents a 0.35 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 7,152 shares of company stock valued at $482,278. Insiders own 0.95% of the company’s stock.

Chart Industries Price Performance

Shares of GTLS opened at $195.60 on Friday. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 56.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71. 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 50-day simple moving average of $141.00 and a 200-day simple moving average of $139.46. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $196.18.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the company posted $1.28 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Craig Hallum raised their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company decreased their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.82.

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.