Advisors Asset Management Inc. Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Advisors Asset Management Inc. trimmed its stake in Chart Industries, Inc. (NYSE:GTLSGet Rating) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,183 shares of the industrial products company’s stock after selling 116 shares during the period. Advisors Asset Management Inc.’s holdings in Chart Industries were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GTLS. DekaBank Deutsche Girozentrale increased its stake in shares of Chart Industries by 66.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 800 shares in the last quarter. National Asset Management Inc. bought a new position in shares of Chart Industries in the 1st quarter worth about $408,000. Securian Asset Management Inc. bought a new position in shares of Chart Industries in the 1st quarter worth about $550,000. Arizona State Retirement System increased its stake in shares of Chart Industries by 40.3% in the 1st quarter. Arizona State Retirement System now owns 13,735 shares of the industrial products company’s stock worth $2,359,000 after acquiring an additional 3,945 shares in the last quarter. Finally, NBW Capital LLC increased its stake in shares of Chart Industries by 2.3% in the 1st quarter. NBW Capital LLC now owns 33,861 shares of the industrial products company’s stock worth $5,816,000 after acquiring an additional 774 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Cowen decreased their price target on shares of Chart Industries to $200.00 in a research note on Wednesday, November 16th. Jefferies Financial Group decreased their price target on shares of Chart Industries from $250.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th. Wells Fargo & Company lowered shares of Chart Industries from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $248.00 to $148.00 in a research note on Monday, November 14th. They noted that the move was a valuation call. Benchmark raised their price objective on shares of Chart Industries to $245.00 in a research note on Tuesday, November 1st. Finally, Cowen raised their price objective on shares of Chart Industries from $195.00 to $225.00 in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average target price of $207.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $129.13 on Tuesday. The company has a 50 day moving average price of $191.90 and a 200-day moving average price of $185.99. Chart Industries, Inc. has a 52 week low of $108.29 and a 52 week high of $242.59. The firm has a market capitalization of $4.73 billion, a PE ratio of 70.56 and a beta of 1.48. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.36.

Chart Industries Company Profile

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

Further Reading

Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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