Chart Industries, Inc. $GTLS Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 90.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,628 shares of the industrial products company’s stock after selling 235,291 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chart Industries were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Chart Industries by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after purchasing an additional 8,697 shares during the last quarter. UBS Group AG boosted its holdings in shares of Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after buying an additional 513,195 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Chart Industries by 2,251.3% during the 3rd 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 buying an additional 975,501 shares during the last quarter. Millennium Management LLC grew its position in shares of Chart Industries by 222.7% during the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after buying an additional 561,622 shares during the last quarter. Finally, Alpine Associates Management Inc. raised its stake in Chart Industries by 590.3% during the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock worth $101,898,000 after acquiring an additional 435,359 shares during the period.

Analyst Ratings Changes

GTLS has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Wall Street Zen upgraded Chart Industries to a “hold” rating in a research report on Saturday, April 4th. Finally, Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Reduce” and a consensus target price of $202.00.

Chart Industries Stock Performance

Chart Industries stock opened at $207.86 on Monday. The stock has a fifty day moving average price of $207.35 and a two-hundred day moving average price of $205.63. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.51. The firm has a market capitalization of $9.95 billion, a P/E ratio of 799.47, a P/E/G ratio of 0.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business earned $2.66 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts anticipate that Chart Industries, Inc. will post 11.31 EPS for the current fiscal year.

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.