Chart Industries, Inc. $GTLS Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,163 shares of the industrial products company’s stock after selling 3,163 shares during the quarter. Peregrine Capital Management LLC’s holdings in Chart Industries were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC purchased a new position in Chart Industries during the 3rd quarter worth $227,000. SG Americas Securities LLC boosted its holdings in Chart Industries by 25.3% in the third quarter. SG Americas Securities LLC now owns 25,295 shares of the industrial products company’s stock worth $5,063,000 after acquiring an additional 5,114 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Chart Industries by 1,548.7% during the third quarter. Global Retirement Partners LLC now owns 1,253 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 1,177 shares during the last quarter. Braun Stacey Associates Inc. grew its stake in shares of Chart Industries by 8.8% during the third quarter. Braun Stacey Associates Inc. now owns 73,688 shares of the industrial products company’s stock worth $14,749,000 after acquiring an additional 5,988 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Chart Industries during the third quarter valued at about $93,000.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $206.74 on Friday. The company has a 50 day simple moving average of $204.52 and a two-hundred day simple moving average of $195.81. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 252.13, a PEG ratio of 1.08 and a beta of 1.74. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $220.03.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 EPS. As a group, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $206.00.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.