Chart Industries, Inc. $GTLS Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 42.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,445 shares of the industrial products company’s stock after selling 4,000 shares during the period. Wellington Shields Capital Management LLC’s holdings in Chart Industries were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. United Community Bank raised its position in Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Torren Management LLC purchased a new position in Chart Industries during the 4th quarter worth approximately $30,000. Clearstead Advisors LLC raised its position in Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Chart Industries by 44.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares during the last quarter.

Chart Industries Price Performance

NYSE:GTLS opened at $207.95 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 799.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. The company has a 50 day moving average price of $207.45 and a 200-day moving average price of $206.46. Chart Industries, Inc. has a 1-year low of $140.50 and a 1-year high of $208.76.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share 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 analysts’ expectations of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.66 earnings per share. Equities research analysts forecast that Chart Industries, Inc. will post 9.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GTLS shares. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Twelve research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $198.17.

Chart Industries Company 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.