Chart Industries, Inc. $GTLS Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS) by 59.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,697 shares of the industrial products company’s stock after selling 17,253 shares during the period. Truist Financial Corp’s holdings in Chart Industries were worth $2,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Chart Industries during the 2nd quarter worth about $92,901,000. Loomis Sayles & Co. L P raised its stake in Chart Industries by 269.1% during the second quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock worth $51,599,000 after purchasing an additional 228,479 shares during the period. Third Point LLC purchased a new position in Chart Industries during the second quarter worth approximately $35,400,000. Bank of Montreal Can boosted its holdings in shares of Chart Industries by 2,320.3% in the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock valued at $28,103,000 after purchasing an additional 163,631 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Chart Industries by 166.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 259,101 shares of the industrial products company’s stock valued at $42,661,000 after buying an additional 161,869 shares during the period.

Chart Industries Stock Up 0.2%

NYSE:GTLS opened at $207.50 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 253.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The stock has a 50-day simple moving average of $206.38 and a 200 day simple moving average of $201.25.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target 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 investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.