Rice Hall James & Associates LLC Sells 11,854 Shares of Chart Industries, Inc. $GTLS

Rice Hall James & Associates LLC cut its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,527 shares of the industrial products company’s stock after selling 11,854 shares during the quarter. Chart Industries comprises 1.4% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 20th biggest holding. Rice Hall James & Associates LLC owned approximately 0.29% of Chart Industries worth $26,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Chart Industries by 5.7% during the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after acquiring an additional 102,226 shares in the last quarter. Atlantic Investment Management Inc. lifted its holdings in shares of Chart Industries by 33.7% during the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after purchasing an additional 69,300 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Chart Industries in the 2nd quarter worth approximately $294,000. Ethic Inc. grew its stake in shares of Chart Industries by 3.8% in the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after buying an additional 103 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in Chart Industries during the first quarter valued at $304,000.

Chart Industries Price Performance

Shares of GTLS opened at $205.92 on Friday. The firm has a fifty day simple moving average of $203.17 and a two-hundred day simple moving average of $191.22. The firm has a market cap of $9.26 billion, a PE ratio of 251.13, a P/E/G ratio of 1.30 and a beta of 1.76. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $2.18 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GTLS shares. JPMorgan Chase & Co. raised their price target on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Monday. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $206.00.

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.