Wellington Shields & Co. LLC Sells 7,354 Shares of Chart Industries, Inc. $GTLS

Wellington Shields & Co. LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 90.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. Balyasny Asset Management L.P. increased its holdings in Chart Industries by 2,251.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after buying an additional 975,501 shares during the last quarter. Millennium Management LLC increased its holdings in Chart Industries by 222.7% during the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after buying an additional 561,622 shares during the last quarter. UBS Group AG increased its holdings in Chart Industries by 76.9% during the fourth 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 last quarter. Qube Research & Technologies Ltd purchased a new stake in Chart Industries during the third quarter valued at approximately $92,938,000. Finally, Alpine Associates Management Inc. increased its holdings in Chart Industries by 590.3% during the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after buying an additional 435,359 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Twelve research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $198.17.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $207.79 on Wednesday. The firm has a fifty day moving average price of $207.47 and a 200-day moving average price of $206.51. 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 stock has a market cap of $9.95 billion, a PE ratio of 799.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. Chart Industries, Inc. has a 1 year low of $140.50 and a 1 year high of $208.76.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a positive return on equity of 10.50% and a negative net margin of 0.62%.The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $2.66 earnings per share. Equities analysts anticipate that Chart Industries, Inc. will post 9.09 earnings per share for the current fiscal 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.