Voya Investment Management LLC Decreases Holdings in Chart Industries, Inc. $GTLS

Voya Investment Management LLC trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS) by 71.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,545 shares of the industrial products company’s stock after selling 46,030 shares during the quarter. Voya Investment Management LLC’s holdings in Chart Industries were worth $3,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division lifted its stake in Chart Industries by 6.3% in the third quarter. Moody National Bank Trust Division now owns 5,667 shares of the industrial products company’s stock worth $1,134,000 after purchasing an additional 335 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Chart Industries by 12.3% in the third quarter. GAMMA Investing LLC now owns 1,338 shares of the industrial products company’s stock worth $268,000 after buying an additional 147 shares during the period. Praxis Investment Management Inc. bought a new stake in shares of Chart Industries in the 3rd quarter valued at about $236,000. Texas Permanent School Fund Corp lifted its stake in shares of Chart Industries by 5.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 27,656 shares of the industrial products company’s stock valued at $4,554,000 after acquiring an additional 1,528 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Chart Industries by 7.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 10,580 shares of the industrial products company’s stock valued at $1,742,000 after acquiring an additional 721 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GTLS shares. JPMorgan Chase & Co. lifted their price target on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chart Industries has a consensus rating of “Hold” and an average price target of $206.00.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $205.92 on Friday. The business has a 50 day moving average of $203.17 and a 200 day moving average of $191.22. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The company has a market cap of $9.26 billion, a PE ratio of 251.13, a P/E/G ratio of 1.30 and a beta of 1.76. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08.

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 analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.