Principal Financial Group Inc. Trims Stake in Chart Industries, Inc. $GTLS

Principal Financial Group Inc. lowered its position in Chart Industries, Inc. (NYSE:GTLS) by 54.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,960 shares of the industrial products company’s stock after selling 351,281 shares during the period. Principal Financial Group Inc. owned approximately 0.67% of Chart Industries worth $59,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Chart Industries by 4.7% in the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after buying an additional 63 shares during the period. Allworth Financial LP increased its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Itau Unibanco Holding S.A. increased its stake in Chart Industries by 14.1% in the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 79 shares during the period. Bessemer Group Inc. lifted its position 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 last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Chart Industries by 4.2% during the second quarter. Harbour Investments Inc. now owns 2,454 shares of the industrial products company’s stock valued at $404,000 after purchasing an additional 100 shares during the period.

Analysts Set New Price Targets

Several research analysts recently commented on GTLS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $206.00.

Chart Industries Trading Down 0.0%

NYSE GTLS opened at $207.44 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 252.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. The company’s 50-day simple moving average is $206.17 and its two-hundred day simple moving average is $200.89. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $216.44.

About Chart Industries

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.