Wellington Shields & Co. LLC Sells 5,329 Shares of Chart Industries, Inc. $GTLS

Wellington Shields & Co. LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 39.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,158 shares of the industrial products company’s stock after selling 5,329 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Chart Industries were worth $1,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in Chart Industries by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 63 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Savant Capital LLC increased its holdings in Chart Industries by 2.0% during the third quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock valued at $717,000 after buying an additional 70 shares during the period. Itau Unibanco Holding S.A. increased its holdings in Chart Industries by 14.1% during the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after buying an additional 79 shares during the period. Finally, Bessemer Group Inc. raised its stake in Chart Industries by 93.0% in the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after buying an additional 93 shares in the last quarter.

Analysts Set New Price Targets

GTLS has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $206.00.

Chart Industries Stock Up 0.2%

Shares of GTLS stock opened at $207.50 on Friday. The stock’s fifty day moving average price is $206.38 and its 200 day moving average price is $201.25. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24. The company has a market cap 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. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15.

Chart Industries Company Profile

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.