Bank of New York Mellon Corp Lowers Stock Position in Chart Industries, Inc. $GTLS

Bank of New York Mellon Corp reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 302,851 shares of the industrial products company’s stock after selling 3,069 shares during the quarter. Bank of New York Mellon Corp’s holdings in Chart Industries were worth $62,457,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GTLS. Norges Bank bought a new stake in shares of Chart Industries in the 4th quarter valued at about $237,827,000. Balyasny Asset Management L.P. boosted its holdings in shares of Chart Industries by 2,251.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after buying an additional 975,501 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Chart Industries by 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after buying an additional 561,622 shares in the last quarter. UBS Group AG boosted its holdings in shares of Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after buying an additional 513,195 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Chart Industries in the 3rd quarter valued at about $92,938,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GTLS shares. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Chart Industries has an average rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Stock Performance

GTLS opened at $207.30 on Wednesday. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.76. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $9.92 billion, a PE ratio of 797.35, a P/E/G ratio of 1.22 and a beta of 1.53. The firm has a 50 day moving average of $207.59 and a two-hundred day moving average of $206.85.

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.