Wellington Shields & Co. LLC Cuts Stock Holdings in Chart Industries, Inc. $GTLS

Wellington Shields & Co. LLC trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 90.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 804 shares of the industrial products company’s stock after selling 7,354 shares during the period. Wellington Shields & Co. LLC’s holdings in Chart Industries were worth $166,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GTLS. United Community Bank grew its stake in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC purchased a new position in Chart Industries during the fourth quarter valued at $30,000. Clearstead Advisors LLC grew its stake in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter.

Analyst Ratings Changes

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

Chart Industries Price Performance

GTLS stock opened at $207.79 on Wednesday. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $207.47 and a two-hundred day simple moving average of $206.51. The firm has a market capitalization of $9.95 billion, a P/E ratio of 799.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business earned $2.66 EPS. Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts anticipate that Chart Industries, Inc. will post 9.09 earnings per share for the current fiscal 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.