Chart Industries, Inc. $GTLS Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,586 shares of the industrial products company’s stock after selling 15,102 shares during the period. Braun Stacey Associates Inc.’s holdings in Chart Industries were worth $12,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angelo Gordon & CO. L.P. acquired a new position in shares of Chart Industries in the third quarter valued at about $2,602,000. PACK Private Wealth LLC acquired a new stake in shares of Chart Industries during the third quarter worth about $2,342,000. Atlantic Investment Management Inc. boosted its position in Chart Industries by 33.7% in the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after buying an additional 69,300 shares during the last quarter. Magnetar Financial LLC increased its holdings in Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after buying an additional 72,078 shares during the period. Finally, New York Life Investment Management LLC increased its holdings in Chart Industries by 881.1% in the 3rd quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock worth $9,379,000 after buying an additional 42,082 shares during the period.

Chart Industries Trading Down 0.0%

GTLS stock opened at $207.02 on Friday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a market cap of $9.91 billion, a P/E ratio of 796.26, a PEG ratio of 0.81 and a beta of 1.70. The company’s 50-day simple moving average is $207.12 and its 200-day simple moving average is $204.56.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.66 EPS. As a group, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research note on Saturday. Finally, Zacks Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Hold” and a consensus price target of $203.67.

Chart Industries 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.