Penn Capital Management Co. Inc. Reduces Stake in Chart Industries, Inc. (NASDAQ:GTLS)

Penn Capital Management Co. Inc. lowered its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 13.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,561 shares of the industrial products company’s stock after selling 844 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Chart Industries were worth $1,055,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new position in Chart Industries in the 3rd quarter valued at about $127,000. Quantbot Technologies LP purchased a new position in Chart Industries in the 3rd quarter valued at about $134,000. Ibex Investors LLC purchased a new position in Chart Industries in the 3rd quarter valued at about $216,000. Silvant Capital Management LLC purchased a new position in Chart Industries in the 4th quarter valued at about $184,000. Finally, Jane Street Group LLC purchased a new position in Chart Industries in the 3rd quarter valued at about $271,000.

In related news, Director W Douglas Brown sold 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $84.84, for a total transaction of $721,140.00. Following the completion of the sale, the director now directly owns 9,966 shares in the company, valued at $845,515.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Schmit sold 464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $92.65, for a total transaction of $42,989.60. Following the sale, the chief accounting officer now owns 1,125 shares of the company’s stock, valued at $104,231.25. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

NASDAQ GTLS traded down $0.87 during trading hours on Friday, reaching $87.16. The company’s stock had a trading volume of 1,116,034 shares, compared to its average volume of 413,154. The company has a quick ratio of 1.17, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. Chart Industries, Inc. has a 52 week low of $56.14 and a 52 week high of $95.66. The stock has a market capitalization of $2.77 billion, a P/E ratio of 43.15 and a beta of 1.17.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The firm had revenue of $289.30 million during the quarter, compared to analyst estimates of $290.33 million. During the same quarter in the previous year, the business posted $0.23 EPS. Chart Industries’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities research analysts expect that Chart Industries, Inc. will post 2.93 earnings per share for the current year.

GTLS has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. BidaskClub raised shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Saturday, January 12th. Finally, Lake Street Capital upped their price objective on shares of Chart Industries to $109.00 and gave the company a “buy” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Chart Industries has a consensus rating of “Buy” and a consensus price target of $90.39.

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About Chart Industries

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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