Chart Industries, Inc. $GTLS Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in Chart Industries, Inc. (NYSE:GTLS) by 43.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,745 shares of the industrial products company’s stock after selling 55,829 shares during the period. Rice Hall James & Associates LLC’s holdings in Chart Industries were worth $15,040,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GTLS. Torren Management LLC acquired a new position in Chart Industries during the 4th quarter worth $30,000. MCF Advisors LLC bought a new stake in shares of Chart Industries in the 4th quarter worth about $41,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 69 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of Chart Industries by 35.7% during the fourth quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 82 shares during the last quarter.

Chart Industries Stock Performance

Chart Industries stock opened at $209.90 on Friday. Chart Industries, Inc. has a 1 year low of $163.23 and a 1 year high of $209.96. The firm’s 50-day moving average is $208.39 and its 200-day moving average is $207.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The company has a market cap of $10.05 billion, a P/E ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Ten analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price 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.