Avalon Trust Co Sells 2,955 Shares of Chart Industries, Inc. $GTLS

Avalon Trust Co reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,079 shares of the industrial products company’s stock after selling 2,955 shares during the quarter. Avalon Trust Co owned about 0.18% of Chart Industries worth $13,350,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Chart Industries by 19,900.0% during the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Chart Industries in the first quarter valued at approximately $30,000. Bessemer Group Inc. boosted its position in Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in Chart Industries in the 2nd quarter valued at about $33,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GTLS. Weiss Ratings cut shares of Chart Industries from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Citigroup downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Hsbc Global Res upgraded shares of Chart Industries to a “hold” rating in a report on Wednesday, July 30th. Craig Hallum cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Finally, Johnson Rice cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $205.08.

Chart Industries Stock Performance

GTLS stock opened at $203.34 on Thursday. The firm has a market cap of $9.14 billion, a PE ratio of 247.98, a P/E/G ratio of 1.15 and a beta of 1.78. The business has a 50 day moving average of $200.01 and a 200-day moving average of $180.79. The company has a quick ratio of 1.27, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $220.03.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $2.18 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.