Vanguard Group Inc. Cuts Stake in Chart Industries, Inc. $GTLS

Vanguard Group Inc. reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,394,081 shares of the industrial products company’s stock after selling 121,038 shares during the quarter. Vanguard Group Inc. owned 0.10% of Chart Industries worth $879,475,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. United Community Bank boosted its position in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after buying an additional 113 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 93 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Chart Industries during the third quarter worth about $93,000.

Analysts Set New Price Targets

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

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $207.18 on Monday. The firm’s 50-day moving average price is $206.77 and its two-hundred day moving average price is $202.85. The stock has a market capitalization of $9.31 billion, a P/E ratio of 252.67, a P/E/G ratio of 0.79 and a beta of 1.75. 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, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24.

About Chart Industries

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.