Prudential Financial Inc. lowered its stake in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,287 shares of the industrial products company’s stock after selling 626 shares during the quarter. Prudential Financial Inc. owned approximately 0.16% of Chart Industries worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Chart Industries by 12.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,400 shares of the industrial products company’s stock worth $580,000 after purchasing an additional 848 shares in the last quarter. Teachers Advisors LLC raised its holdings in Chart Industries by 3.5% during the third quarter. Teachers Advisors LLC now owns 61,911 shares of the industrial products company’s stock worth $4,849,000 after purchasing an additional 2,087 shares in the last quarter. Vanguard Group Inc raised its holdings in Chart Industries by 2.7% during the third quarter. Vanguard Group Inc now owns 3,040,131 shares of the industrial products company’s stock worth $238,133,000 after purchasing an additional 80,703 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Chart Industries by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,040,131 shares of the industrial products company’s stock worth $238,133,000 after acquiring an additional 80,703 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Chart Industries during the third quarter worth approximately $1,554,000.

In related news, Director W Douglas Brown sold 8,500 shares of Chart Industries stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $84.84, for a total value of $721,140.00. Following the transaction, the director now directly owns 9,966 shares in the company, valued at approximately $845,515.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

NASDAQ:GTLS opened at $89.04 on Friday. Chart Industries, Inc. has a 1-year low of $56.14 and a 1-year high of $91.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.80. The firm has a market capitalization of $2.86 billion, a P/E ratio of 44.08 and a beta of 1.17.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, February 14th. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Chart Industries had a net margin of 7.57% and a return on equity of 8.42%. The firm had revenue of $290.10 million for the quarter, compared to analyst estimates of $283.50 million. During the same period last year, the firm posted $0.46 EPS. Chart Industries’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts forecast that Chart Industries, Inc. will post 2.75 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Lake Street Capital raised their target price on shares of Chart Industries to $109.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine upgraded shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. Gabelli lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. Finally, BidaskClub upgraded shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.31.

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Chart Industries Profile

Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.

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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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