Chart Industries, Inc. $GTLS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 282,588 shares of the industrial products company’s stock after selling 20,263 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Chart Industries worth $58,425,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GTLS. Torren Management LLC acquired a new position in Chart Industries during the 4th quarter worth $30,000. MCF Advisors LLC acquired a new stake in Chart Industries in the fourth quarter worth about $41,000. Los Angeles Capital Management LLC bought a new position in Chart Industries in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC grew its position in Chart Industries by 44.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after buying an additional 69 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in Chart Industries by 35.7% during the 4th quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $64,000 after buying an additional 82 shares during the period.

Chart Industries Stock Performance

NYSE:GTLS opened at $209.90 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a 1-year low of $163.23 and a 1-year high of $209.96. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The stock has a fifty day simple moving average of $208.33 and a 200 day simple moving average of $207.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries has an average rating of “Reduce” and a consensus price target of $210.00.

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.