Wellington Shields Capital Management LLC Reduces Stake in Chart Industries, Inc. $GTLS

Wellington Shields Capital Management LLC lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 37.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,445 shares of the industrial products company’s stock after selling 5,745 shares during the period. Wellington Shields Capital Management LLC’s holdings in Chart Industries were worth $1,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Norges Bank purchased a new stake in shares of Chart Industries during the 2nd quarter worth approximately $92,901,000. Loomis Sayles & Co. L P raised its stake in 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 worth $51,599,000 after acquiring an additional 228,479 shares in the last quarter. Third Point LLC purchased a new stake in Chart Industries in the second quarter valued at $35,400,000. Bank of Montreal Can boosted its stake in Chart Industries by 2,320.3% in the second 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 in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Chart Industries by 166.5% during the second quarter. Frontier Capital Management Co. LLC now owns 259,101 shares of the industrial products company’s stock worth $42,661,000 after purchasing an additional 161,869 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GTLS shares. 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 Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $206.00.

Chart Industries Stock Up 0.2%

GTLS stock opened at $207.50 on Friday. The stock 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. The company has a fifty day moving average of $206.38 and a 200-day moving average of $201.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24.

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.