Vestcor Inc Cuts Stock Holdings in Chart Industries, Inc. $GTLS

Vestcor Inc trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the industrial products company’s stock after selling 9,000 shares during the quarter. Vestcor Inc owned approximately 0.06% of Chart Industries worth $5,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Chart Industries by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after purchasing an additional 50 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Chart Industries by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Chart Industries by 4.2% during the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 59 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in shares of Chart Industries by 2.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 59 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of Chart Industries by 1.7% during the 4th quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company’s stock valued at $756,000 after purchasing an additional 60 shares in the last quarter.

Chart Industries Trading Down 0.1%

Shares of GTLS opened at $207.30 on Friday. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.76. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $207.57 and its two-hundred day moving average is $206.78. The stock has a market cap of $9.92 billion, a PE ratio of 797.34, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $201.80.

About Chart Industries

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.