Nicholas Investment Partners LP Sells 31,724 Shares of Chart Industries, Inc. $GTLS

Nicholas Investment Partners LP decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 64.7% during the fourth quarter, Holdings Channel reports. The fund owned 17,276 shares of the industrial products company’s stock after selling 31,724 shares during the period. Nicholas Investment Partners LP’s holdings in Chart Industries were worth $3,563,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GTLS. Norges Bank bought a new position in Chart Industries in the fourth quarter valued at about $237,827,000. Balyasny Asset Management L.P. raised its stake in shares of 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 worth $203,919,000 after buying an additional 975,501 shares during the period. Millennium Management LLC raised its stake in shares of Chart Industries by 222.7% in the third 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 period. UBS Group AG raised its stake in shares of Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after buying an additional 513,195 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Chart Industries in the third quarter worth about $92,938,000.

Chart Industries Stock Up 0.1%

NYSE GTLS opened at $206.62 on Friday. The stock’s 50-day moving average price is $207.57 and its 200-day moving average price is $206.89. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The company has a market capitalization of $9.89 billion, a P/E ratio of 794.72, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

Analyst Ratings Changes

Several research analysts have recently commented on GTLS shares. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $201.80.

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.