Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 302,282 shares of the industrial products company’s stock after selling 10,351 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Chart Industries worth $57,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after acquiring an additional 15,862 shares during the period. Fisher Asset Management LLC lifted its position in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after acquiring an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after acquiring an additional 2,000 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at about $373,000.

Chart Industries Price Performance

NYSE:GTLS opened at $166.99 on Wednesday. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03. The stock has a 50 day moving average of $198.68 and a two-hundred day moving average of $164.37. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.15 billion, a P/E ratio of 48.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm posted $2.25 earnings per share. Chart Industries’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the subject of several analyst reports. Barclays boosted their price objective on Chart Industries from $145.00 to $165.00 and gave the company an “equal weight” rating in a report on Tuesday. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. The Goldman Sachs Group boosted their price objective on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company decreased their price objective on Chart Industries from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.08.

Chart Industries 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.