Chart Industries, Inc. $GTLS Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its position in Chart Industries, Inc. (NYSE:GTLS) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,438 shares of the industrial products company’s stock after selling 2,647 shares during the period. Jennison Associates LLC’s holdings in Chart Industries were worth $503,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Chart Industries to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $202.00.

Chart Industries Stock Performance

NYSE:GTLS opened at $207.70 on Tuesday. Chart Industries, Inc. has a twelve month low of $140.50 and a twelve month high of $208.51. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average of $207.35 and a 200-day moving average of $205.63. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 798.86, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56.

Chart Industries (NYSE:GTLS) last announced its earnings results 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 return on equity of 13.55% and a net margin of 0.95%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $2.66 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current fiscal year.

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.