Shell Asset Management Co. Sells 15,167 Shares of Chart Industries, Inc. $GTLS

Shell Asset Management Co. trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 95.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 798 shares of the industrial products company’s stock after selling 15,167 shares during the period. Shell Asset Management Co.’s holdings in Chart Industries were worth $160,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. United Community Bank boosted its stake in Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Bessemer Group Inc. grew its holdings in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Chart Industries by 44.8% during the 2nd 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 during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Chart Industries during the 3rd quarter valued at $93,000.

Chart Industries Trading Down 0.0%

NYSE GTLS opened at $207.35 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The stock’s 50-day moving average is $206.72 and its 200-day moving average is $202.71. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The firm has a market cap of $9.32 billion, a P/E ratio of 252.87, a P/E/G ratio of 0.79 and a beta of 1.75.

Analysts Set New Price Targets

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

Chart Industries Company 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.