Blume Capital Management Inc. Reduces Position in Chart Industries, Inc. $GTLS

Blume Capital Management Inc. decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 93.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,120 shares of the industrial products company’s stock after selling 16,977 shares during the period. Blume Capital Management Inc.’s holdings in Chart Industries were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of GTLS. Norges Bank bought a new stake in Chart Industries during the second quarter valued at about $92,901,000. Loomis Sayles & Co. L P lifted 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 buying an additional 228,479 shares in the last quarter. Third Point LLC bought a new position in shares of Chart Industries during the 2nd quarter valued at approximately $35,400,000. Bank of Montreal Can grew its stake in shares of Chart Industries by 2,320.3% during 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 acquiring an additional 163,631 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in Chart Industries by 166.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 259,101 shares of the industrial products company’s stock worth $42,661,000 after acquiring an additional 161,869 shares in the last quarter.

Chart Industries Price Performance

GTLS stock opened at $207.50 on Monday. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The company’s fifty day moving average price is $206.38 and its 200-day moving average price is $201.69. 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 $9.33 billion, a PE ratio of 253.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three 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. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Hold” and an average target price of $206.00.

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.