Paradice Investment Management LLC Reduces Stock Position in Chart Industries, Inc. $GTLS

Paradice Investment Management LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,813 shares of the industrial products company’s stock after selling 44,175 shares during the quarter. Chart Industries accounts for about 2.6% of Paradice Investment Management LLC’s investment portfolio, making the stock its 17th largest holding. Paradice Investment Management LLC owned about 0.13% of Chart Industries worth $11,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GTLS. IFP Advisors Inc raised its holdings in Chart Industries by 4.7% in the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 63 shares in the last quarter. Allworth Financial LP raised its stake in shares of Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Chart Industries by 14.1% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 79 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Chart Industries by 4.2% in the second quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 100 shares in the last quarter.

Chart Industries Stock Up 0.2%

NYSE:GTLS opened at $206.20 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $203.30 and a 200-day moving average of $192.26. The firm has a market capitalization of $9.27 billion, a PE ratio of 251.47, a price-to-earnings-growth ratio of 1.30 and a beta of 1.76. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.18 EPS. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 22nd. JPMorgan Chase & Co. boosted 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. Finally, Citigroup lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chart Industries presently has an average rating of “Hold” and an average target price 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.