LPL Financial LLC Sells 52,639 Shares of Chart Industries, Inc. (NYSE:GTLS)

LPL Financial LLC cut its holdings in Chart Industries, Inc. (NYSE:GTLS - Get Rating) by 93.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,907 shares of the industrial products company's stock after selling 52,639 shares during the period. LPL Financial LLC's holdings in Chart Industries were worth $450,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Chart Industries by 121.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company's stock worth $54,000 after buying an additional 160 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Chart Industries by 180.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,657 shares of the industrial products company's stock valued at $3,763,000 after purchasing an additional 21,031 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Chart Industries during the 3rd quarter valued at about $299,000. Iridian Asset Management LLC CT bought a new position in Chart Industries during the 4th quarter valued at about $361,000. Finally, Amalgamated Bank grew its holdings in Chart Industries by 2.2% during the 3rd quarter. Amalgamated Bank now owns 25,094 shares of the industrial products company's stock valued at $4,626,000 after purchasing an additional 550 shares during the last quarter.

Several brokerages recently commented on GTLS. CL King began coverage on shares of Chart Industries in a report on Monday, May 8th. They set a "buy" rating and a $165.00 price target on the stock. StockNews.com assumed coverage on shares of Chart Industries in a research report on Thursday, May 18th. They issued a "sell" rating for the company. TheStreet cut shares of Chart Industries from a "b-" rating to a "c" rating in a research report on Friday, February 24th. Craig Hallum lowered their price objective on shares of Chart Industries from $249.00 to $205.00 and set a "buy" rating for the company in a research report on Monday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Chart Industries from $144.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $193.06.

In other news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $105.01 per share, for a total transaction of $525,050.00. Following the completion of the purchase, the director now directly owns 6,067 shares in the company, valued at $637,095.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jillian C. Evanko purchased 2,375 shares of the firm's stock in a transaction on Monday, March 20th. The stock was acquired at an average price of $104.29 per share, with a total value of $247,688.75. Following the completion of the acquisition, the chief executive officer now owns 104,228 shares in the company, valued at approximately $10,869,938.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linda S. Harty purchased 5,000 shares of the firm's stock in a transaction on Monday, March 20th. The stock was bought at an average cost of $105.01 per share, with a total value of $525,050.00. Following the acquisition, the director now owns 6,067 shares of the company's stock, valued at approximately $637,095.67. The disclosure for this purchase can be found here. Insiders bought a total of 7,775 shares of company stock worth $823,420 over the last three months. Corporate insiders own 0.80% of the company's stock.

Shares of GTLS opened at $119.30 on Tuesday. The company has a 50 day moving average price of $120.70 and a 200-day moving average price of $122.97. Chart Industries, Inc. has a fifty-two week low of $101.44 and a fifty-two week high of $242.59. The stock has a market capitalization of $5.10 billion, a PE ratio of -596.50, a PEG ratio of 0.43 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 (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, beating the consensus estimate of $0.36 by $1.05. The company had revenue of $537.90 million during the quarter, compared to the consensus estimate of $495.89 million. Chart Industries had a negative net margin of 0.14% and a positive return on equity of 9.07%. Chart Industries's revenue was up 51.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Equities analysts predict that Chart Industries, Inc. will post 6.06 earnings per share for the current fiscal year.

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.

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