King Luther Capital Management Corp Sells 750,559 Shares of Chart Industries, Inc. $GTLS

King Luther Capital Management Corp lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 77.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,102 shares of the industrial products company’s stock after selling 750,559 shares during the quarter. King Luther Capital Management Corp owned about 0.48% of Chart Industries worth $42,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of GTLS. AQR Capital Management LLC lifted its stake in shares of Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after acquiring an additional 7,314 shares during the period. CWM LLC increased its position in shares of Chart Industries by 89.2% during the 2nd quarter. CWM LLC now owns 1,922 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 906 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Chart Industries by 1.5% in the second quarter. Allianz Asset Management GmbH now owns 29,859 shares of the industrial products company’s stock valued at $4,916,000 after purchasing an additional 443 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Chart Industries during the second quarter worth about $1,745,000. Finally, Securian Asset Management Inc. raised its holdings in Chart Industries by 5.2% during the 2nd quarter. Securian Asset Management Inc. now owns 3,422 shares of the industrial products company’s stock valued at $563,000 after acquiring an additional 169 shares during the period.

Chart Industries Stock Down 0.0%

NYSE:GTLS opened at $207.35 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24. The stock’s fifty day simple moving average is $206.72 and its 200-day simple moving average is $202.71. The firm has a market capitalization of $9.32 billion, a P/E ratio of 252.87, a P/E/G ratio of 0.79 and a beta of 1.75.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GTLS shares. Zacks Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $204.10.

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.