Orange Investment Advisors Inc. cut its position in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 97.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,555 shares of the industrial products company’s stock after selling 49,723 shares during the period. Orange Investment Advisors Inc.’s holdings in Chart Industries were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. United Community Bank lifted its position in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC purchased a new position in Chart Industries in the fourth quarter valued at $30,000. Clearstead Advisors LLC raised its stake in Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen cut Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Twelve equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Chart Industries has an average rating of “Reduce” and an average price target of $198.17.
Chart Industries Price Performance
Shares of NYSE:GTLS opened at $207.95 on Friday. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.76. The firm has a market capitalization of $9.95 billion, a P/E ratio of 799.83, a P/E/G ratio of 1.19 and a beta of 1.56. 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 company’s fifty day moving average price is $207.43 and its 200 day moving average price is $206.35.
Chart Industries (NYSE:GTLS – Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 EPS. As a group, sell-side analysts predict that Chart Industries, Inc. will post 9.09 earnings per share 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.
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