Sheets Smith Wealth Management lessened its position in shares of Chart Industries, Inc. (NASDAQ:GTLS) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,701 shares of the industrial products company’s stock after selling 193 shares during the period. Sheets Smith Wealth Management’s holdings in Chart Industries were worth $891,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GTLS. BlackRock Inc. lifted its holdings in Chart Industries by 7.2% during the second quarter. BlackRock Inc. now owns 4,217,127 shares of the industrial products company’s stock valued at $260,113,000 after purchasing an additional 281,737 shares in the last quarter. Columbus Circle Investors lifted its holdings in Chart Industries by 118.3% during the third quarter. Columbus Circle Investors now owns 438,561 shares of the industrial products company’s stock valued at $34,352,000 after purchasing an additional 237,653 shares in the last quarter. Granahan Investment Management Inc. MA purchased a new position in Chart Industries during the second quarter valued at $13,316,000. WINTON GROUP Ltd purchased a new position in Chart Industries during the third quarter valued at $12,902,000. Finally, Millennium Management LLC lifted its holdings in Chart Industries by 754.2% during the second quarter. Millennium Management LLC now owns 185,826 shares of the industrial products company’s stock valued at $11,462,000 after purchasing an additional 164,072 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.

NASDAQ:GTLS opened at $69.09 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.17 billion, a PE ratio of 71.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04. Chart Industries, Inc. has a twelve month low of $43.50 and a twelve month high of $80.31.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.19. The firm had revenue of $272.20 million for the quarter, compared to the consensus estimate of $314.52 million. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that Chart Industries, Inc. will post 2.04 earnings per share for the current year.

Several research firms have issued reports on GTLS. BidaskClub raised shares of Chart Industries from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Evercore ISI raised shares of Chart Industries from an “in-line” rating to an “outperform” rating and set a $95.00 price objective on the stock in a report on Monday, December 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $77.91.

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Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

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

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