Wellington Shields & Co. LLC Sells 5,329 Shares of Chart Industries, Inc. $GTLS

Wellington Shields & Co. LLC cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 39.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,158 shares of the industrial products company’s stock after selling 5,329 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Chart Industries were worth $1,633,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GTLS. Nordea Investment Management AB grew its stake in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after buying an additional 102,226 shares in the last quarter. Geode Capital Management LLC grew its position in Chart Industries by 6.4% in the second quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock worth $178,804,000 after acquiring an additional 65,078 shares in the last quarter. Norges Bank bought a new stake in Chart Industries during the second quarter worth approximately $92,901,000. Charles Schwab Investment Management Inc. raised its position in Chart Industries by 4.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock valued at $92,036,000 after purchasing an additional 22,556 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Chart Industries by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,153 shares of the industrial products company’s stock valued at $53,866,000 after purchasing an additional 18,190 shares during the last quarter.

Wall Street Analyst Weigh In

GTLS has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective 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. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $206.00.

Chart Industries Stock Up 0.2%

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

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.