Perpetual Ltd Sells 629,616 Shares of Chart Industries, Inc. $GTLS

Perpetual Ltd reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 98.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,586 shares of the industrial products company’s stock after selling 629,616 shares during the quarter. Perpetual Ltd’s holdings in Chart Industries were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. United Community Bank grew its position in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after buying an additional 71 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. Geneos Wealth Management Inc. grew its position in Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares in the last quarter. Finally, CI Investments Inc. increased its stake in Chart Industries by 36.9% during the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the period.

Chart Industries Stock Performance

NYSE GTLS opened at $207.02 on Friday. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month 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 stock 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 announced its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 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 the consensus estimate of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 EPS. As a group, research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.