King Luther Capital Management Corp Lowers Holdings in Chart Industries, Inc. $GTLS

King Luther Capital Management Corp lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,521 shares of the industrial products company’s stock after selling 118,581 shares during the quarter. King Luther Capital Management Corp owned 0.21% of Chart Industries worth $19,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares in the last quarter. California Public Employees Retirement System increased its holdings in Chart Industries by 7.8% in the 2nd quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after buying an additional 5,443 shares in the last quarter. Sei Investments Co. increased its holdings in Chart Industries by 0.7% in the 2nd quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Chart Industries by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after buying an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Chart Industries by 55.9% in the 2nd quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after buying an additional 49,715 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the subject of several research analyst reports. Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Trading Down 0.1%

Chart Industries stock opened at $207.74 on Thursday. The business has a 50-day simple moving average of $207.49 and a two-hundred day simple moving average of $206.57. The company has a market cap of $9.94 billion, a P/E ratio of 799.01, a P/E/G ratio of 1.22 and a beta of 1.56. 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.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a negative net margin of 0.62% and a positive return on equity of 10.50%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Analysts predict that Chart Industries, Inc. will post 8.84 EPS for the current year.

About Chart Industries

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.