Jennison Associates LLC Has $503,000 Stock Position in Chart Industries, Inc. $GTLS

Jennison Associates LLC trimmed its stake in Chart Industries, Inc. (NYSE:GTLS) by 52.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,438 shares of the industrial products company’s stock after selling 2,647 shares during the quarter. Jennison Associates LLC’s holdings in Chart Industries were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GTLS. AQR Capital Management LLC lifted its position in shares of Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 7,314 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Chart Industries by 7.8% in the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after purchasing an additional 5,443 shares in the last quarter. Sei Investments Co. lifted its position in shares of Chart Industries by 0.7% in the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after purchasing an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Chart Industries by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Chart Industries by 55.9% in the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after purchasing an additional 49,715 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Chart Industries Trading Down 0.1%

NYSE:GTLS opened at $207.70 on Tuesday. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.51. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 798.86, a P/E/G ratio of 0.96 and a beta of 1.56. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $207.35 and its 200-day moving average is $205.63.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $2.66 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Chart Industries, Inc. will post 11.31 EPS for the current 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.