Chart Industries, Inc. $GTLS Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,420 shares of the industrial products company’s stock after selling 2,952 shares during the period. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,885,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in shares of Chart Industries by 7.7% in the first quarter. Hsbc Holdings PLC now owns 2,889 shares of the industrial products company’s stock valued at $415,000 after buying an additional 207 shares in the last quarter. AlphaQuest LLC acquired a new stake in Chart Industries in the first quarter valued at $77,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Chart Industries by 302.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,780 shares of the industrial products company’s stock worth $3,433,000 after purchasing an additional 17,872 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Chart Industries during the 1st quarter worth $30,000. Finally, FORA Capital LLC acquired a new position in shares of Chart Industries during the 1st quarter worth $382,000.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $206.00.

Chart Industries Stock Down 0.0%

Shares of NYSE GTLS opened at $205.96 on Friday. The firm’s 50-day moving average is $203.05 and its two-hundred day moving average is $190.83. The company has a market capitalization of $9.26 billion, a PE ratio of 251.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.76. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.24). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.