Wealth Enhancement Advisory Services LLC Has $2.39 Million Stock Position in Chart Industries, Inc. $GTLS

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 67.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,954 shares of the industrial products company’s stock after selling 24,471 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Chart Industries were worth $2,393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of Chart Industries by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after purchasing an additional 102,226 shares during the period. Geode Capital Management LLC increased its stake in Chart Industries by 6.4% during the second quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock valued at $178,804,000 after acquiring an additional 65,078 shares during the period. Norges Bank acquired a new position in Chart Industries in the 2nd quarter valued at approximately $92,901,000. Charles Schwab Investment Management Inc. lifted its position in shares of Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after acquiring an additional 22,556 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Chart Industries by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,153 shares of the industrial products company’s stock worth $53,866,000 after purchasing an additional 18,190 shares in the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $207.14 on Friday. The business has a 50 day simple moving average of $205.95 and a 200 day simple moving average of $199.63. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The company has a market capitalization of $9.31 billion, a PE ratio of 252.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $216.44.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $2.18 earnings per share. On average, sell-side analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chart Industries currently has a consensus rating of “Hold” and a consensus price target of $206.00.

Chart Industries Company 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.