Nicholas Investment Partners LP Cuts Stake in Chart Industries, Inc. $GTLS

Nicholas Investment Partners LP reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 64.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,276 shares of the industrial products company’s stock after selling 31,724 shares during the period. Nicholas Investment Partners LP’s holdings in Chart Industries were worth $3,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Chart Industries by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after purchasing an additional 8,697 shares in the last quarter. UBS Group AG lifted its holdings in shares of Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock valued at $238,245,000 after purchasing an additional 442,650 shares in the last quarter. Norges Bank bought a new position in shares of Chart Industries during the fourth quarter valued at $237,827,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Chart Industries by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,087,251 shares of the industrial products company’s stock valued at $224,259,000 after purchasing an additional 3,570 shares in the last quarter.

Chart Industries Stock Up 0.1%

GTLS stock opened at $206.62 on Friday. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. The business’s 50-day moving average is $207.57 and its two-hundred day moving average is $206.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 794.72, a P/E/G ratio of 1.22 and a beta of 1.53.

Analysts Set New Price Targets

GTLS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $201.80.

About Chart Industries

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.