Braun Stacey Associates Inc. Has $14.75 Million Holdings in Chart Industries, Inc. $GTLS

Braun Stacey Associates Inc. lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,688 shares of the industrial products company’s stock after buying an additional 5,988 shares during the period. Braun Stacey Associates Inc. owned about 0.16% of Chart Industries worth $14,749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTLS. IFP Advisors Inc increased its stake in Chart Industries by 4.7% in the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after buying an additional 63 shares during the last quarter. Allworth Financial LP grew its position in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in 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 worth $106,000 after acquiring an additional 79 shares during the period. Bessemer Group Inc. increased its holdings in shares of 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, Harbour Investments Inc. lifted its position in shares of Chart Industries by 4.2% during the 2nd quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 100 shares during the period.

Analyst Ratings Changes

A number of research analysts recently issued reports on GTLS shares. Citigroup cut shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Monday. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $206.00.

Chart Industries Trading Down 0.1%

NYSE GTLS opened at $206.25 on Friday. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $220.03. The business has a 50 day moving average price of $203.70 and a 200-day moving average price of $192.89. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 251.53, a P/E/G ratio of 1.30 and a beta of 1.74.

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

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.