Man Group plc Trims Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Man Group plc decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 31.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,593 shares of the industrial products company’s stock after selling 9,091 shares during the period. Man Group plc’s holdings in Chart Industries were worth $3,739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GTLS. Wolf Hill Capital Management LP bought a new stake in Chart Industries during the 4th quarter valued at $101,121,000. Norges Bank purchased a new position in shares of Chart Industries during the fourth quarter valued at $88,609,000. Dimensional Fund Advisors LP increased its stake in shares of Chart Industries by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,064,637 shares of the industrial products company’s stock valued at $203,178,000 after buying an additional 291,520 shares during the period. Keybank National Association OH raised its holdings in shares of Chart Industries by 10,372.6% in the fourth quarter. Keybank National Association OH now owns 246,734 shares of the industrial products company’s stock valued at $47,087,000 after acquiring an additional 244,378 shares in the last quarter. Finally, Engaged Capital LLC purchased a new stake in Chart Industries in the fourth quarter worth about $42,900,000.

Chart Industries Stock Performance

Shares of GTLS stock opened at $158.76 on Thursday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The business’s fifty day simple moving average is $144.10 and its 200-day simple moving average is $172.80. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market cap of $7.26 billion, a PE ratio of 46.02, a PEG ratio of 0.57 and a beta of 1.69.

Chart Industries (NYSE:GTLS) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. Analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of research reports. The Goldman Sachs Group cut their target price on shares of Chart Industries from $197.00 to $173.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. TD Cowen dropped their price objective on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. Barclays upped their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Citigroup lifted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eight have given 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 “Buy” and an average price target of $199.36.

Insider Activity

In related news, VP Gerald F. Vinci purchased 175 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $147.89 per share, for a total transaction of $25,880.75. Following the purchase, the vice president now owns 475 shares of the company’s stock, valued at $70,247.75. This trade represents a 58.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jillian C. Evanko purchased 350 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $150.35 per share, with a total value of $52,622.50. Following the acquisition, the chief executive officer now owns 137,666 shares of the company’s stock, valued at approximately $20,698,083.10. The trade was a 0.25% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,109 shares of company stock worth $160,845 over the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

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.