Chart Industries, Inc. $GTLS Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in Chart Industries, Inc. (NYSE:GTLS) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,113 shares of the industrial products company’s stock after selling 5,689 shares during the period. Legal & General Group Plc owned approximately 0.15% of Chart Industries worth $14,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GTLS. New Age Alpha Advisors LLC boosted its position in shares of Chart Industries by 4.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 10,183 shares of the industrial products company’s stock worth $2,100,000 after buying an additional 422 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Chart Industries by 47.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,610 shares of the industrial products company’s stock valued at $332,000 after buying an additional 516 shares during the period. Legato Capital Management LLC lifted its position in Chart Industries by 16.4% during the 4th quarter. Legato Capital Management LLC now owns 1,793 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 253 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Chart Industries by 27.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,595 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 342 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in Chart Industries by 8.2% in the 4th quarter. Handelsbanken Fonder AB now owns 13,134 shares of the industrial products company’s stock worth $2,709,000 after acquiring an additional 1,000 shares during the period.

Wall Street Analyst Weigh In

GTLS has been the topic of a number of analyst reports. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $208.20 on Wednesday. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. The business has a 50 day moving average price of $207.53 and a two-hundred day moving average price of $206.69. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm has a market cap of $9.97 billion, a PE ratio of 800.81, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

About Chart Industries

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.