Mendota Financial Group LLC Sells 350 Shares of Chart Industries, Inc. (NYSE:GTLS)

Mendota Financial Group LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 54.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292 shares of the industrial products company’s stock after selling 350 shares during the quarter. Mendota Financial Group LLC’s holdings in Chart Industries were worth $56,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GTLS. King Luther Capital Management Corp boosted its position in shares of Chart Industries by 2.9% during the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock worth $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares in the last quarter. Principal Financial Group Inc. grew its position in Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after purchasing an additional 32,442 shares during the period. Fisher Asset Management LLC raised its holdings in Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after buying an additional 13,181 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after buying an additional 262,592 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $199.69 on Tuesday. The firm’s 50 day moving average is $186.71 and its 200 day moving average is $149.82. The stock has a market capitalization of $8.55 billion, a P/E ratio of 57.88, a PEG ratio of 1.01 and a beta of 1.84. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $210.66. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. Chart Industries’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 earnings per share. On average, sell-side analysts anticipate that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Barclays cut their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.75.

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.