Aristotle Atlantic Partners LLC Sells 99,002 Shares of Chart Industries, Inc. $GTLS

Aristotle Atlantic Partners LLC lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 97.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,300 shares of the industrial products company’s stock after selling 99,002 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Chart Industries were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Aristeia Capital L.L.C. bought a new stake in Chart Industries in the fourth quarter worth about $594,000. Guggenheim Capital LLC lifted its stake in Chart Industries by 4.3% in the fourth quarter. Guggenheim Capital LLC now owns 5,892 shares of the industrial products company’s stock worth $1,215,000 after purchasing an additional 242 shares during the last quarter. AQR Arbitrage LLC increased its stake in Chart Industries by 14.5% in the 4th quarter. AQR Arbitrage LLC now owns 433,498 shares of the industrial products company’s stock worth $89,400,000 after buying an additional 54,918 shares during the period. Polar Asset Management Partners Inc. increased its stake in Chart Industries by 74.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 157,145 shares of the industrial products company’s stock worth $32,408,000 after buying an additional 67,145 shares during the period. Finally, AQR Capital Management LLC increased its stake in Chart Industries by 7.7% in the 4th quarter. AQR Capital Management LLC now owns 55,489 shares of the industrial products company’s stock worth $11,443,000 after buying an additional 3,965 shares during the period.

Chart Industries Price Performance

GTLS opened at $206.93 on Thursday. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.76. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $207.56 and its 200-day simple moving average is $206.98. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 795.90, a PEG ratio of 1.22 and a beta of 1.53.

Wall Street Analysts Forecast Growth

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

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.