Infrastructure Capital Advisors LLC Sells 106,015 Shares of Chart Industries, Inc. $GTLS

Infrastructure Capital Advisors LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 61.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,590 shares of the industrial products company’s stock after selling 106,015 shares during the quarter. Chart Industries makes up about 1.3% of Infrastructure Capital Advisors LLC’s holdings, making the stock its 21st largest position. Infrastructure Capital Advisors LLC owned approximately 0.15% of Chart Industries worth $13,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new stake in Chart Industries during the fourth quarter worth $40,000. MCF Advisors LLC bought a new stake in Chart Industries during the fourth quarter worth $41,000. Finally, Clearstead Advisors LLC lifted 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 acquiring an additional 163 shares during the period.

Analysts Set New Price Targets

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

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $206.93 on Thursday. The business’s fifty day simple moving average is $207.56 and its 200 day simple moving average is $206.98. The firm has a market capitalization of $9.91 billion, a P/E ratio of 795.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.76. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15.

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.