Vanguard Group Inc. Reduces Position in Chart Industries, Inc. $GTLS

Vanguard Group Inc. cut its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,355,223 shares of the industrial products company’s stock after selling 38,858 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Chart Industries worth $898,178,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. United Community Bank boosted its stake in shares of Chart Industries by 364.5% during 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 period. EverSource Wealth Advisors LLC boosted its position in Chart Industries by 95.9% in the 3rd 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 period. Clearstead Advisors LLC boosted its position in Chart Industries by 243.3% in the 3rd 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. boosted its position in Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares during the period. Finally, CI Investments Inc. boosted its position in Chart Industries by 36.9% in the 3rd quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock valued at $54,000 after buying an additional 73 shares during the period.

Chart Industries Price Performance

Chart Industries stock opened at $207.86 on Friday. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 799.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. Chart Industries, Inc. has a 1 year low of $140.50 and a 1 year high of $208.51. The firm has a 50-day moving average of $207.35 and a two-hundred day moving average of $205.59.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $2.66 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on GTLS. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Chart Industries to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $202.00.

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.