Chart Industries, Inc. $GTLS Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 66.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,660 shares of the industrial products company’s stock after selling 12,960 shares during the quarter. DAVENPORT & Co LLC’s holdings in Chart Industries were worth $1,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GTLS. IFP Advisors Inc increased its position in shares of Chart Industries by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 63 shares during the last quarter. Allworth Financial LP boosted its stake in 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 buying an additional 70 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Chart Industries by 14.1% during the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 79 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Chart Industries by 93.0% in the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of Chart Industries by 4.2% in the 2nd quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 100 shares during the last quarter.

Chart Industries Stock Down 0.0%

Chart Industries stock opened at $205.92 on Monday. The firm has a market capitalization of $9.26 billion, a P/E ratio of 251.13, a P/E/G ratio of 1.30 and a beta of 1.76. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $220.03. The stock’s fifty day simple moving average is $203.17 and its 200-day simple moving average is $191.85.

Chart Industries (NYSE:GTLS) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Citigroup cut Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 22nd. Three equities 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $206.00.

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.