Pallas Capital Advisors LLC Trims Stock Holdings in Chart Industries, Inc. $GTLS

Pallas Capital Advisors LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 36.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,090 shares of the industrial products company’s stock after selling 8,784 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chart Industries were worth $3,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. United Community Bank lifted its position in shares of Chart Industries by 364.5% during the third 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. Allworth Financial LP raised its stake in shares of Chart Industries by 74.5% during the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Bessemer Group Inc. lifted its holdings 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 in the last quarter. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 100 shares during the period. Finally, Mather Group LLC. purchased a new position in Chart Industries during the 3rd quarter valued at about $93,000.

Chart Industries Stock Up 0.1%

GTLS stock opened at $206.86 on Tuesday. The company’s 50 day moving average is $206.64 and its 200 day moving average is $202.61. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 252.27, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Hold” and a consensus price target of $204.10.

Chart Industries 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.