Sheets Smith Wealth Management Decreases Stake in Chart Industries, Inc. $GTLS

Sheets Smith Wealth Management trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,975 shares of the industrial products company’s stock after selling 2,445 shares during the quarter. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $1,438,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Angelo Gordon & CO. L.P. acquired a new position in shares of Chart Industries in the 3rd quarter valued at approximately $2,602,000. PACK Private Wealth LLC acquired a new stake in shares of Chart Industries during the third quarter worth approximately $2,342,000. Atlantic Investment Management Inc. increased its stake in shares of Chart Industries by 33.7% in the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after buying an additional 69,300 shares during the last quarter. Magnetar Financial LLC increased its stake in shares of Chart Industries by 23.3% in the third quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after buying an additional 72,078 shares during the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Chart Industries by 881.1% in the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock valued at $9,379,000 after acquiring an additional 42,082 shares in the last quarter.

Chart Industries Stock Performance

Chart Industries stock opened at $207.02 on Friday. The company has a market cap of $9.91 billion, a PE ratio of 796.26, a P/E/G ratio of 0.81 and a beta of 1.70. The company has a fifty day moving average price of $207.12 and a two-hundred day moving average price of $204.52. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $208.24.

Chart Industries (NYSE:GTLS – Get Free Report) last issued its earnings results 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 return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $2.66 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on GTLS. Wall Street Zen raised shares of Chart Industries to a “hold” rating in a report on Saturday. Zacks Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.67.

Check Out Our Latest Stock Analysis on Chart Industries

Chart Industries Company Profile

(Free Report)

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.

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