CSM Advisors LLC Sells 47,925 Shares of Chart Industries, Inc. $GTLS

CSM Advisors LLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 67.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,050 shares of the industrial products company’s stock after selling 47,925 shares during the quarter. CSM Advisors LLC’s holdings in Chart Industries were worth $4,612,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GTLS. Balyasny Asset Management L.P. boosted its holdings in shares of Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after acquiring an additional 975,501 shares in the last quarter. Norges Bank acquired a new position in Chart Industries in the 2nd quarter worth about $92,901,000. Alpine Associates Management Inc. raised its position in Chart Industries by 590.3% in the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after purchasing an additional 435,359 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Chart Industries by 219.3% during the third quarter. Alliancebernstein L.P. now owns 442,701 shares of the industrial products company’s stock valued at $88,607,000 after purchasing an additional 304,038 shares in the last quarter. Finally, AQR Arbitrage LLC boosted its stake in shares of Chart Industries by 369.1% during the third quarter. AQR Arbitrage LLC now owns 378,580 shares of the industrial products company’s stock valued at $75,773,000 after purchasing an additional 297,878 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $204.10.

Chart Industries Price Performance

Chart Industries stock opened at $206.78 on Monday. The stock’s 50 day moving average is $207.13 and its 200 day moving average is $203.78. 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 $9.90 billion, a P/E ratio of 795.33, a P/E/G ratio of 0.79 and a beta of 1.73. 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 (NYSE:GTLS) last released 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 net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $2.66 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.