Community Trust & Investment Co. Sells 43,203 Shares of Chart Industries, Inc. $GTLS

Community Trust & Investment Co. trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 54.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,256 shares of the industrial products company’s stock after selling 43,203 shares during the quarter. Community Trust & Investment Co. owned approximately 0.08% of Chart Industries worth $7,257,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Perpetual Ltd bought a new position in shares of Chart Industries in the 2nd quarter valued at about $107,498,000. Norges Bank acquired a new stake in Chart Industries during the 2nd quarter worth $92,901,000. Loomis Sayles & Co. L P raised its position in shares of Chart Industries by 269.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock valued at $51,599,000 after acquiring an additional 228,479 shares during the last quarter. Third Point LLC bought a new stake in shares of Chart Industries during the 2nd quarter valued at $35,400,000. Finally, Bank of Montreal Can lifted its stake in shares of Chart Industries by 2,320.3% in the 2nd quarter. Bank of Montreal Can now owns 170,683 shares of the industrial products company’s stock valued at $28,103,000 after purchasing an additional 163,631 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently commented on GTLS. JPMorgan Chase & Co. lifted their price objective on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chart Industries has an average rating of “Hold” and an average price target of $206.00.

Chart Industries Stock Down 0.0%

NYSE:GTLS opened at $206.22 on Tuesday. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $220.03. The stock has a 50-day moving average price of $203.97 and a two-hundred day moving average price of $194.43. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 251.48, a PEG ratio of 1.08 and a beta of 1.74. 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 (NYSE:GTLS) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current 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.