Pallas Capital Advisors LLC Sells 8,784 Shares of Chart Industries, Inc. $GTLS

Pallas Capital Advisors LLC decreased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 36.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,090 shares of the industrial products company’s stock after selling 8,784 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chart Industries were worth $3,020,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GTLS. State of New Jersey Common Pension Fund D raised its position in Chart Industries by 3.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 15,612 shares of the industrial products company’s stock valued at $3,125,000 after buying an additional 579 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Chart Industries by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 8,154 shares of the industrial products company’s stock worth $1,632,000 after acquiring an additional 584 shares during the last quarter. Vista Capital Partners Inc. bought a new stake in shares of Chart Industries in the 3rd quarter worth $204,000. PACK Private Wealth LLC purchased a new stake in shares of Chart Industries in the third quarter valued at about $2,342,000. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Chart Industries during the third quarter valued at about $200,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GTLS. JPMorgan Chase & Co. upped their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Finally, Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $204.10.

Chart Industries Trading Up 0.1%

Shares of GTLS stock opened at $206.86 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The firm has a market cap of $9.30 billion, a P/E ratio of 252.27, a PEG ratio of 0.79 and a beta of 1.75. The company has a 50 day moving average of $206.64 and a 200-day moving average of $202.61. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24.

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.