Pacer Advisors Inc. Cuts 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, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Carmignac Gestion raised its position in Chart Industries by 48.5% in the first quarter. Carmignac Gestion now owns 82,944 shares of the industrial products company’s stock worth $17,149,000 after acquiring an additional 27,102 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Chart Industries during the 1st quarter worth $1,460,000. Groupe la Francaise grew its stake in shares of Chart Industries by 132.2% during the 1st quarter. Groupe la Francaise now owns 57,289 shares of the industrial products company’s stock worth $11,845,000 after purchasing an additional 32,620 shares during the period. Bank of America Corp DE grew its stake in shares of Chart Industries by 7.8% during the 1st quarter. Bank of America Corp DE now owns 333,945 shares of the industrial products company’s stock worth $69,043,000 after purchasing an additional 24,049 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Chart Industries by 4.4% in the 1st quarter. Janus Henderson Group PLC now owns 58,920 shares of the industrial products company’s stock valued at $12,182,000 after purchasing an additional 2,500 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GTLS. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Finally, 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. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $210.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $209.90 on Monday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $208.83 and a 200 day moving average price of $207.88. Chart Industries, Inc. has a twelve month low of $163.23 and a twelve month high of $209.96.

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.