Russell Investments Group Ltd. Sells 18,814 Shares of Chart Industries, Inc. (NYSE:GTLS)

Russell Investments Group Ltd. lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS – Get Rating) by 49.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,387 shares of the industrial products company’s stock after selling 18,814 shares during the quarter. Russell Investments Group Ltd.’s holdings in Chart Industries were worth $2,234,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ronald Blue Trust Inc. grew its holdings in Chart Industries by 200.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 159 shares of the industrial products company’s stock worth $29,000 after buying an additional 106 shares in the last quarter. KB Financial Partners LLC bought a new position in Chart Industries in the 1st quarter valued at $28,000. Larson Financial Group LLC bought a new position in Chart Industries in the 3rd quarter valued at $41,000. Quadrant Capital Group LLC grew its stake in Chart Industries by 121.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 160 shares during the period. Finally, Byrne Asset Management LLC bought a new position in Chart Industries in the 4th quarter valued at $34,000.

Chart Industries Stock Performance

Shares of GTLS opened at $115.43 on Friday. The stock’s 50-day simple moving average is $120.90 and its 200 day simple moving average is $123.65. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -577.15, a price-to-earnings-growth ratio of 0.40 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.90 and a current ratio of 1.25. Chart Industries, Inc. has a 52-week low of $101.44 and a 52-week high of $242.59.

Chart Industries (NYSE:GTLS – Get Rating) last announced its earnings results on Friday, April 28th. The industrial products company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $1.05. The business had revenue of $537.90 million for the quarter, compared to analyst estimates of $495.89 million. Chart Industries had a positive return on equity of 9.07% and a negative net margin of 0.14%. The company’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. Research analysts forecast that Chart Industries, Inc. will post 6.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jillian C. Evanko acquired 2,375 shares of Chart Industries stock in a transaction dated Monday, March 20th. The shares were purchased at an average cost of $104.29 per share, for a total transaction of $247,688.75. Following the transaction, the chief executive officer now owns 104,228 shares of the company’s stock, valued at $10,869,938.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jillian C. Evanko purchased 2,375 shares of Chart Industries stock in a transaction that occurred on Monday, March 20th. The shares were acquired at an average cost of $104.29 per share, for a total transaction of $247,688.75. Following the transaction, the chief executive officer now directly owns 104,228 shares in the company, valued at $10,869,938.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gerald F. Vinci purchased 300 shares of Chart Industries stock in a transaction that occurred on Tuesday, March 21st. The shares were bought at an average price of $119.28 per share, for a total transaction of $35,784.00. Following the completion of the transaction, the vice president now owns 300 shares in the company, valued at $35,784. The disclosure for this purchase can be found here. Insiders have acquired 7,875 shares of company stock worth $836,825 in the last ninety days. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of recent analyst reports. TheStreet downgraded Chart Industries from a “b-” rating to a “c” rating in a research note on Friday, February 24th. Wells Fargo & Company reduced their price objective on Chart Industries from $144.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, April 14th. CL King assumed coverage on Chart Industries in a research report on Monday, May 8th. They set a “buy” rating and a $165.00 price target on the stock. Craig Hallum dropped their price target on Chart Industries from $249.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, February 13th. Finally, StockNews.com assumed coverage on Chart Industries in a research report on Thursday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $193.06.

Chart Industries Company Profile

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Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.