Braun Stacey Associates Inc. Sells 15,102 Shares of Chart Industries, Inc. $GTLS

Braun Stacey Associates Inc. lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 20.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,586 shares of the industrial products company’s stock after selling 15,102 shares during the period. Braun Stacey Associates Inc. owned about 0.13% of Chart Industries worth $12,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GTLS. United Community Bank lifted its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. Clearstead Advisors LLC raised its position in shares of Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Chart Industries by 36.9% during the 3rd quarter. CI Investments Inc. now owns 271 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 73 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $203.67.

Chart Industries Trading Down 0.0%

Chart Industries stock opened at $207.02 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. The stock has a market cap of $9.91 billion, a PE ratio of 796.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70. The stock has a 50-day moving average of $207.12 and a two-hundred day moving average of $204.56. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.Chart Industries’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 EPS. On average, research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.