Old West Investment Management LLC Has $1.16 Million Position in Chart Industries, Inc. $GTLS

Old West Investment Management LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 65.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,772 shares of the industrial products company’s stock after selling 10,796 shares during the quarter. Old West Investment Management LLC’s holdings in Chart Industries were worth $1,155,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in Chart Industries by 4.7% during the second quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 63 shares during the period. Allworth Financial LP lifted its position in shares of Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Savant Capital LLC lifted its position in Chart Industries by 2.0% in the third quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 70 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in shares of Chart Industries by 14.1% during the 2nd 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. Finally, Bessemer Group Inc. boosted its position in shares of Chart Industries by 93.0% during 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GTLS. JPMorgan Chase & Co. upped their price target on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated 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, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chart Industries has a consensus rating of “Hold” and a consensus price target of $206.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $207.50 on Friday. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. 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’s 50 day moving average price is $206.38 and its two-hundred day moving average price is $201.25. The company has a market capitalization of $9.33 billion, a P/E ratio of 253.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75.

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.