Bank of New York Mellon Corp Has $58.42 Million Stock Holdings in Chart Industries, Inc. $GTLS

Bank of New York Mellon Corp trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 282,588 shares of the industrial products company’s stock after selling 20,263 shares during the quarter. Bank of New York Mellon Corp’s holdings in Chart Industries were worth $58,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GTLS. State of Michigan Retirement System raised its holdings in Chart Industries by 3.8% during the first quarter. State of Michigan Retirement System now owns 10,800 shares of the industrial products company’s stock valued at $2,233,000 after buying an additional 400 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Chart Industries by 12.6% during the 1st quarter. Principal Financial Group Inc. now owns 166,192 shares of the industrial products company’s stock worth $34,360,000 after acquiring an additional 18,606 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Chart Industries by 77.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,263 shares of the industrial products company’s stock worth $9,565,000 after acquiring an additional 20,204 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Chart Industries by 1,390.6% during the 1st quarter. Fifth Third Bancorp now owns 10,837 shares of the industrial products company’s stock valued at $2,240,000 after acquiring an additional 10,110 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Chart Industries by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,178 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 300 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on GTLS. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Ten analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Reduce” and a consensus target price of $210.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $209.90 on Friday. The firm has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 1 year low of $163.23 and a 1 year high of $209.96. The firm’s fifty day simple moving average is $208.33 and its 200 day simple moving average is $207.65. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity 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.