Vanguard Group Inc. Lowers Stock Holdings in Chart Industries, Inc. $GTLS

Vanguard Group Inc. cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,394,081 shares of the industrial products company’s stock after selling 121,038 shares during the period. Vanguard Group Inc. owned approximately 9.77% of Chart Industries worth $879,475,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chart Industries in the second quarter valued at about $92,901,000. Alpine Associates Management Inc. lifted 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 period. Loomis Sayles & Co. L P boosted its holdings in Chart Industries by 269.1% in the 2nd quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock valued at $51,599,000 after purchasing an additional 228,479 shares in the last quarter. Third Point LLC acquired a new position in Chart Industries during the 2nd quarter worth approximately $35,400,000. Finally, Bank of Montreal Can raised its stake in shares of Chart Industries by 2,320.3% during the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock worth $28,103,000 after buying an additional 163,631 shares in the last quarter.

Chart Industries Trading Up 0.1%

Shares of GTLS stock opened at $207.18 on Monday. The stock has a market cap of $9.31 billion, a P/E ratio of 252.67, a P/E/G ratio of 0.79 and a beta of 1.75. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The business has a fifty day simple moving average of $206.77 and a 200-day simple moving average of $202.85.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Hold” and an average price target of $204.10.

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.