Chart Industries, Inc. $GTLS Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its holdings in Chart Industries, Inc. (NYSE:GTLS) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 68,113 shares of the industrial products company’s stock after selling 5,689 shares during the period. Legal & General Group Plc’s holdings in Chart Industries were worth $14,047,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several analysts recently weighed in on GTLS shares. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research 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 reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Trading Up 0.2%

NYSE:GTLS opened at $208.20 on Wednesday. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 800.81, a PEG ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. Chart Industries, Inc. has a 1 year low of $140.50 and a 1 year high of $208.76. The business has a fifty day moving average of $207.53 and a 200-day moving average of $206.69.

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.