Pacer Advisors Inc. Lowers Stock Holdings in Chart Industries, Inc. $GTLS

Pacer Advisors Inc. reduced its holdings in Chart Industries, Inc. (NYSE:GTLS) by 99.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,338 shares of the industrial products company’s stock after selling 3,938,191 shares during the quarter. Pacer Advisors Inc.’s holdings in Chart Industries were worth $1,104,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in shares of Chart Industries by 2,212.5% during the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after acquiring an additional 50,623 shares during the last quarter. UBS Group AG boosted its position 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 acquiring an additional 513,195 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Chart Industries by 19.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 126,034 shares of the industrial products company’s stock valued at $25,992,000 after purchasing an additional 20,334 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in Chart Industries by 30.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 52,000 shares of the industrial products company’s stock worth $10,724,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Carlson Capital L.P. acquired a new position in Chart Industries during the fourth quarter worth approximately $1,031,000.

Analyst Ratings Changes

GTLS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Chart Industries currently has an average rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Price Performance

NYSE GTLS opened at $209.90 on Monday. The business has a 50 day moving average price of $208.83 and a two-hundred day moving average price of $207.88. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96. 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 stock has a market cap of $10.05 billion, a PE ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53.

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.