Crestwood Advisors Group LLC Sells 3,199 Shares of Chart Industries, Inc. $GTLS

Crestwood Advisors Group LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 37.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,272 shares of the industrial products company’s stock after selling 3,199 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Chart Industries were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in GTLS. AQR Capital Management LLC increased its position in Chart Industries by 39.0% during the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares during the period. California Public Employees Retirement System increased its position in shares of Chart Industries by 7.8% in the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after purchasing an additional 5,443 shares during the period. Sei Investments Co. increased its position in shares of Chart Industries by 0.7% in the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after purchasing an additional 540 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Chart Industries by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after purchasing an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Chart Industries by 55.9% in the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after purchasing an additional 49,715 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Chart Industries to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $202.00.

Chart Industries Stock Up 0.0%

Shares of NYSE GTLS opened at $207.41 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.51. The stock has a market capitalization of $9.93 billion, a P/E ratio of 797.75, a PEG ratio of 0.96 and a beta of 1.56. The stock’s fifty day moving average is $207.37 and its 200 day moving average is $205.79.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $2.66 earnings per share. Sell-side analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current fiscal year.

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.