Sanctuary Advisors LLC Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Sanctuary Advisors LLC cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 41.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,046 shares of the industrial products company’s stock after selling 1,424 shares during the period. Sanctuary Advisors LLC’s holdings in Chart Industries were worth $254,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GTLS. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the third quarter worth approximately $34,000. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares during the period. Ecofi Investissements SA purchased a new stake in Chart Industries during the 2nd quarter valued at $50,000. Mendota Financial Group LLC lifted its holdings in shares of Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after buying an additional 203 shares during the period. Finally, nVerses Capital LLC purchased a new position in Chart Industries in the third quarter worth about $87,000.

Analyst Ratings Changes

Several research firms have weighed in on GTLS. The Goldman Sachs Group increased their price target on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Monday, September 16th. Finally, Stifel Nicolaus boosted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $186.17.

Chart Industries Trading Down 1.4 %

GTLS opened at $192.90 on Friday. The stock has a 50-day moving average of $170.96 and a 200 day moving average of $145.64. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $204.23. The firm has a market cap of $8.26 billion, a P/E ratio of 55.91, a P/E/G ratio of 1.01 and a beta of 1.86.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $1.28 EPS. Chart Industries’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts forecast that Chart Industries, Inc. will post 9.03 EPS for the current year.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.