Keybank National Association OH Cuts Stake in Chart Industries, Inc. $GTLS

Keybank National Association OH cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,473 shares of the industrial products company’s stock after selling 48,731 shares during the quarter. Keybank National Association OH’s holdings in Chart Industries were worth $54,542,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GTLS. Torren Management LLC purchased a new stake in Chart Industries during the 4th quarter valued at about $30,000. M&T Bank Corp raised its holdings in Chart Industries by 21.0% in the fourth quarter. M&T Bank Corp now owns 2,768 shares of the industrial products company’s stock worth $571,000 after buying an additional 480 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Chart Industries by 6.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,670 shares of the industrial products company’s stock worth $1,376,000 after buying an additional 418 shares in the last quarter. UBS Group AG lifted its stake in shares of Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after buying an additional 513,195 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Chart Industries by 69.6% during the fourth quarter. Evergreen Capital Management LLC now owns 2,047 shares of the industrial products company’s stock valued at $422,000 after buying an additional 840 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on GTLS. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Wall Street Zen raised Chart Industries to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Chart Industries has an average rating of “Reduce” and a consensus target price of $202.38.

Chart Industries Stock Performance

Shares of GTLS opened at $207.92 on Wednesday. The business has a 50-day simple moving average of $207.32 and a two-hundred day simple moving average of $205.52. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. Chart Industries, Inc. has a 52 week low of $127.40 and a 52 week high of $208.51. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 799.72, a PEG ratio of 0.96 and a beta of 1.70.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 earnings per share. On average, analysts expect that Chart Industries, Inc. will post 11.31 EPS for the current year.

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.