Chart Industries, Inc. $GTLS Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 59.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,697 shares of the industrial products company’s stock after selling 17,253 shares during the quarter. Truist Financial Corp’s holdings in Chart Industries were worth $2,341,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GTLS. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 70 shares in the last quarter. Bessemer Group Inc. grew its holdings in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Chart Industries in the 2nd quarter valued at about $54,000. Finally, Mather Group LLC. acquired a new stake in Chart Industries during the third quarter worth approximately $93,000.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $207.50 on Friday. The company has a 50-day simple moving average of $206.38 and a 200-day simple moving average of $201.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The company has a market cap of $9.33 billion, a PE ratio of 253.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a 12 month low of $104.60 and a 12 month high of $208.24.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. JPMorgan Chase & Co. raised 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. Three equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chart Industries has an average rating of “Hold” and a consensus 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.