Rhumbline Advisers Trims Stock Position in Chart Industries, Inc. $GTLS

Rhumbline Advisers trimmed its holdings in Chart Industries, Inc. (NYSE:GTLS) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,919 shares of the industrial products company’s stock after selling 3,770 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of Chart Industries worth $28,805,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Chart Industries by 39.0% during the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares during the period. CWM LLC lifted its position in Chart Industries by 89.2% during the 2nd quarter. CWM LLC now owns 1,922 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 906 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Chart Industries in the 2nd quarter valued at approximately $268,000. Harbour Investments Inc. increased its holdings in shares of Chart Industries by 4.2% in the second quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 100 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of Chart Industries by 1.6% during the second quarter. New York State Teachers Retirement System now owns 39,933 shares of the industrial products company’s stock worth $6,575,000 after purchasing an additional 619 shares during the last quarter.

Chart Industries Stock Performance

GTLS opened at $206.86 on Monday. The stock’s 50 day simple moving average is $206.61 and its 200 day simple moving average is $202.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a market cap of $9.30 billion, a P/E ratio of 252.27, a P/E/G ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24.

Wall Street Analysts Forecast Growth

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

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.