Chart Industries, Inc. $GTLS Stake Lessened by Doliver Advisors LP

Doliver Advisors LP lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,509 shares of the industrial products company’s stock after selling 4,149 shares during the period. Doliver Advisors LP’s holdings in Chart Industries were worth $930,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Chart Industries by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock worth $243,433,000 after acquiring an additional 8,697 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after acquiring an additional 975,501 shares in the last quarter. Millennium Management LLC grew its stake in Chart Industries by 222.7% during the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after acquiring an additional 561,622 shares in the last quarter. Norges Bank acquired a new position in shares of Chart Industries in the 2nd quarter valued at about $92,901,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Chart Industries by 4.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after purchasing an additional 22,556 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $207.09 on Friday. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The stock’s 50-day moving average is $207.17 and its two-hundred day moving average is $203.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The firm has a market cap of $9.91 billion, a P/E ratio of 796.52, a PEG ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Hold” and an average target price 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.