Vestcor Inc Trims Position in Chart Industries, Inc. $GTLS

Vestcor Inc lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,000 shares of the industrial products company’s stock after selling 9,000 shares during the period. Vestcor Inc’s holdings in Chart Industries were worth $5,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GTLS. Norges Bank purchased a new position in shares of Chart Industries during the 4th quarter worth $237,827,000. Balyasny Asset Management L.P. raised 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 worth $203,919,000 after acquiring an additional 975,501 shares during the period. Millennium Management LLC raised its holdings in Chart Industries by 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after buying an additional 561,622 shares during the period. UBS Group AG raised its holdings in Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after buying an additional 513,195 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Chart Industries in the 3rd quarter valued at about $92,938,000.

Chart Industries Stock Down 0.1%

Shares of NYSE:GTLS opened at $207.30 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market capitalization of $9.92 billion, a PE ratio of 797.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The firm’s 50-day moving average is $207.57 and its two-hundred day moving average is $206.78. Chart Industries, Inc. has a 1 year low of $140.50 and a 1 year high of $208.76.

Analysts Set New Price Targets

GTLS has been the topic of several research analyst reports. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 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, the company presently has a consensus rating of “Reduce” and a consensus target price 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.