Orange Investment Advisors Inc. Lowers Stake in Chart Industries, Inc. $GTLS

Orange Investment Advisors Inc. lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 97.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,555 shares of the industrial products company’s stock after selling 49,723 shares during the period. Orange Investment Advisors Inc.’s holdings in Chart Industries were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Chart Industries by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after purchasing an additional 50 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Chart Industries by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Chart Industries by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after buying an additional 59 shares during the period. Archford Capital Strategies LLC raised its holdings in shares of Chart Industries by 1.7% in the 4th quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company’s stock valued at $756,000 after buying an additional 60 shares during the period. Finally, Savant Capital LLC lifted its stake in Chart Industries by 2.0% during the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 70 shares in the last quarter.

Chart Industries Stock Down 0.2%

Chart Industries stock opened at $207.95 on Friday. The firm has a market capitalization of $9.95 billion, a P/E ratio of 799.83, a P/E/G ratio of 1.19 and a beta of 1.56. 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, Inc. has a twelve month low of $140.50 and a twelve month high of $208.76. The stock’s fifty day simple moving average is $207.43 and its 200-day simple moving average is $206.35.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $2.66 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Chart Industries, Inc. will post 9.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

GTLS has been the subject of a number of research analyst reports. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Twelve equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of “Reduce” and a consensus target price of $198.17.

About Chart Industries

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.