Chart Industries, Inc. $GTLS Stake Cut by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 41.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,450 shares of the industrial products company’s stock after selling 24,136 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Chart Industries were worth $7,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GTLS. EverSource Wealth Advisors LLC lifted its holdings in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares during the last quarter. Torren Management LLC bought a new position in Chart Industries during the 4th quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in Chart Industries during the 4th quarter worth $40,000. MCF Advisors LLC acquired a new stake in Chart Industries in the fourth quarter worth $41,000. Finally, Clearstead Advisors LLC increased its position in Chart Industries by 243.3% in the third 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 period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Stock Performance

Shares of GTLS stock opened at $208.66 on Friday. Chart Industries, Inc. has a 12-month low of $160.41 and a 12-month high of $209.13. 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 capitalization of $9.99 billion, a price-to-earnings ratio of 802.55, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The business has a 50 day simple moving average of $207.66 and a 200 day simple moving average of $207.15.

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.