Gabelli Funds LLC Sells 21,306 Shares of Chart Industries, Inc. $GTLS

Gabelli Funds LLC cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,024 shares of the industrial products company’s stock after selling 21,306 shares during the quarter. Gabelli Funds LLC’s holdings in Chart Industries were worth $34,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Chart Industries by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock worth $243,433,000 after purchasing an additional 8,697 shares during the last quarter. UBS Group AG grew its stake in shares of Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after purchasing an additional 975,501 shares during the last quarter. Millennium Management LLC grew its stake in shares of Chart Industries by 222.7% in the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after purchasing an additional 561,622 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its stake in shares of 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 worth $101,898,000 after purchasing an additional 435,359 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $198.17.

Chart Industries Price Performance

GTLS stock opened at $207.20 on Monday. The firm has a 50 day moving average price of $207.38 and a 200-day moving average price of $206.11. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.51. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 796.97, a PEG ratio of 1.11 and a beta of 1.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $2.66 earnings per share. Chart Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 9.74 EPS 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.