Corient Private Wealth LLC Reduces Holdings in Chart Industries, Inc. $GTLS

Corient Private Wealth LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,514 shares of the industrial products company’s stock after selling 3,077 shares during the quarter. Corient Private Wealth LLC’s holdings in Chart Industries were worth $3,407,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GTLS. Millennium Management LLC boosted its position in Chart Industries by 94.9% during the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares during the period. FIL Ltd raised its position in shares of Chart Industries by 7.2% in the fourth quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock valued at $271,296,000 after purchasing an additional 88,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Chart Industries by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after buying an additional 8,697 shares in the last quarter. UBS Group AG lifted its stake in shares of Chart Industries by 76.9% during 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, Goldman Sachs Group Inc. boosted its holdings in Chart Industries by 62.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after buying an additional 442,650 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Chart Industries has a consensus rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Stock Performance

Chart Industries stock opened at $208.66 on Friday. The firm’s 50 day simple moving average is $207.66 and its 200 day simple moving average is $207.15. 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 $9.99 billion, a PE ratio of 802.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. Chart Industries, Inc. has a 1-year low of $160.41 and a 1-year high of $209.13.

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.