Chart Industries, Inc. $GTLS Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in Chart Industries, Inc. (NYSE:GTLS) by 95.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078 shares of the industrial products company’s stock after selling 88,120 shares during the period. Hsbc Holdings PLC’s holdings in Chart Industries were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in GTLS. Norges Bank acquired a new position in shares of Chart Industries during the fourth quarter worth about $237,827,000. Balyasny Asset Management L.P. raised its holdings in Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after acquiring an additional 975,501 shares in the last quarter. Millennium Management LLC lifted its stake in Chart Industries by 94.9% in the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after acquiring an additional 772,723 shares during the last quarter. UBS Group AG lifted its stake in Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after acquiring an additional 513,195 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Chart Industries during the 3rd quarter worth approximately $92,938,000.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $209.90 on Thursday. The stock’s 50-day simple moving average is $208.55 and its 200-day simple moving average is $207.74. The firm has a market capitalization of $10.05 billion, a PE ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $210.00.

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.