Wellington Shields Capital Management LLC Cuts Stock Position in Chart Industries, Inc. $GTLS

Wellington Shields Capital Management LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 42.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,445 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Chart Industries were worth $1,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GTLS. United Community Bank increased its holdings in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC purchased a new stake in Chart Industries in the 4th quarter worth $30,000. Clearstead Advisors LLC increased its holdings in Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter.

Chart Industries Trading Down 0.0%

Shares of GTLS opened at $207.95 on Tuesday. 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 $207.45 and its two-hundred day moving average is $206.46. The stock has a market cap of $9.95 billion, a PE ratio of 799.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a positive return on equity of 10.50% and a negative net margin of 0.62%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm earned $2.66 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts forecast that Chart Industries, Inc. will post 9.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $198.17.

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.