Chart Industries, Inc. $GTLS Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 28.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,000 shares of the industrial products company’s stock after selling 35,000 shares during the period. Polar Asset Management Partners Inc. owned 0.20% of Chart Industries worth $18,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. increased its stake in Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after purchasing an additional 975,501 shares during the last quarter. Norges Bank purchased a new stake in shares of Chart Industries during the 2nd quarter worth approximately $92,901,000. Millennium Management LLC lifted its position in shares of Chart Industries by 222.7% during the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after buying an additional 561,622 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Chart Industries in the 3rd quarter valued at $92,938,000. Finally, Alpine Associates Management Inc. boosted its holdings in shares of Chart Industries by 590.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after buying an additional 435,359 shares in the last quarter.

Chart Industries Stock Down 0.1%

GTLS opened at $207.01 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $207.17 and a two-hundred day moving average price of $203.92. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The company has a market cap of $9.91 billion, a PE ratio of 796.23, a P/E/G ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $2.66 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Hold” and an average price target of $204.10.

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.