Chart Industries, Inc. $GTLS Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 624,366 shares of the industrial products company’s stock after selling 394,465 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Chart Industries were worth $128,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC purchased a new position in Chart Industries during the fourth quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new position in Chart Industries during the fourth quarter worth about $40,000. MCF Advisors LLC purchased a new position in Chart Industries during the fourth quarter worth about $41,000. Finally, Clearstead Advisors LLC raised its holdings in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $206.93 on Thursday. The firm’s fifty day simple moving average is $207.56 and its 200-day simple moving average is $206.98. 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 stock has a market cap of $9.91 billion, a PE ratio of 795.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76.

Wall Street Analyst Weigh In

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

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.