Suntrust Banks Inc. Reduces Stake in Chart Industries, Inc. (NASDAQ:GTLS)

Suntrust Banks Inc. decreased its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 51.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,393 shares of the industrial products company’s stock after selling 4,655 shares during the period. Suntrust Banks Inc.’s holdings in Chart Industries were worth $286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Chart Industries by 1.4% during the fourth quarter. Principal Financial Group Inc. now owns 271,172 shares of the industrial products company’s stock worth $17,634,000 after buying an additional 3,760 shares in the last quarter. 1060 Capital LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth approximately $10,840,000. Geode Capital Management LLC boosted its position in shares of Chart Industries by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 351,182 shares of the industrial products company’s stock worth $22,837,000 after acquiring an additional 27,985 shares during the last quarter. Neuburgh Advisers LLC boosted its position in shares of Chart Industries by 10.9% in the fourth quarter. Neuburgh Advisers LLC now owns 6,596 shares of the industrial products company’s stock worth $429,000 after acquiring an additional 646 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Chart Industries by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 48,226 shares of the industrial products company’s stock worth $3,136,000 after acquiring an additional 946 shares during the last quarter.

In other news, Director W Douglas Brown sold 8,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 9,966 shares of the company’s stock, valued at $845,515.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael Schmit sold 464 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $92.65, for a total transaction of $42,989.60. Following the transaction, the chief accounting officer now directly owns 1,125 shares of the company’s stock, valued at approximately $104,231.25. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Several research firms recently issued reports on GTLS. BidaskClub cut shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. ValuEngine raised 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 note on Friday, February 15th. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Lake Street Capital lifted their price objective on shares of Chart Industries to $109.00 and gave the company a “buy” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $90.39.

Shares of NASDAQ:GTLS opened at $88.31 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.71. The firm has a market capitalization of $2.77 billion, a P/E ratio of 43.72 and a beta of 1.17. Chart Industries, Inc. has a 12-month low of $56.14 and a 12-month high of $95.66.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The company had revenue of $289.30 million during the quarter, compared to the consensus estimate of $290.33 million. During the same quarter last year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts predict that Chart Industries, Inc. will post 2.9 earnings per share for the current year.

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Chart Industries Company 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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