Corient Private Wealth LLC Lowers Position in Chart Industries, Inc. $GTLS

Corient Private Wealth LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors also recently modified their holdings of GTLS. EverSource Wealth Advisors LLC raised its stake in Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC purchased a new position in Chart Industries in the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new position in Chart Industries in the 4th quarter worth approximately $40,000. MCF Advisors LLC bought a new position in shares of Chart Industries in the 4th quarter worth $41,000. Finally, Clearstead Advisors LLC increased its holdings in shares of Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter.

Chart Industries Stock Down 0.1%

Shares of GTLS opened at $208.66 on Friday. Chart Industries, Inc. has a 1 year low of $160.41 and a 1 year high of $209.13. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $207.66 and a two-hundred day simple moving average of $207.15. The firm has a market cap of $9.99 billion, a P/E ratio of 802.55, a P/E/G ratio of 1.23 and a beta of 1.53.

Analyst Ratings Changes

A number of research firms have recently issued reports on GTLS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $201.80.

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.