Chart Industries, Inc. $GTLS Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,771 shares of the industrial products company’s stock after selling 24,235 shares during the quarter. TimesSquare Capital Management LLC owned 0.24% of Chart Industries worth $21,971,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the period. United Community Bank boosted 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 valued at $29,000 after purchasing an additional 113 shares in the last quarter. Bessemer Group Inc. increased its position in Chart Industries by 93.0% during the 2nd quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Chart Industries by 44.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Chart Industries in the 3rd quarter valued at approximately $93,000.

Chart Industries Trading Up 0.1%

Shares of GTLS stock opened at $206.86 on Monday. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The stock has a market cap of $9.30 billion, a P/E ratio of 252.27, a P/E/G ratio of 0.79 and a beta of 1.75. The business has a fifty day simple moving average of $206.61 and a 200-day simple moving average of $202.56. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GTLS shares. JPMorgan Chase & Co. upped their price objective on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $204.10.

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.