Chart Industries, Inc. $GTLS Shares Sold by Kintayl Capital LP

Kintayl Capital LP decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 45.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,448 shares of the industrial products company’s stock after selling 19,280 shares during the period. Chart Industries makes up approximately 2.9% of Kintayl Capital LP’s investment portfolio, making the stock its 12th largest holding. Kintayl Capital LP’s holdings in Chart Industries were worth $4,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GTLS. PACK Private Wealth LLC acquired a new stake in Chart Industries in the 3rd quarter worth approximately $2,342,000. Atlantic Investment Management Inc. increased its stake in Chart Industries by 33.7% during the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after purchasing an additional 69,300 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new position in shares of Chart Industries in the third quarter worth $2,602,000. Magnetar Financial LLC raised its holdings in shares of Chart Industries by 23.3% in the third quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after buying an additional 72,078 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of Chart Industries by 881.1% during the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock worth $9,379,000 after buying an additional 42,082 shares during the period.

Chart Industries Stock Performance

GTLS opened at $206.90 on Tuesday. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $9.90 billion, a PE ratio of 795.80, a P/E/G ratio of 0.79 and a beta of 1.73. The firm has a 50 day moving average of $207.14 and a two-hundred day moving average of $203.84.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.66 earnings per share. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GTLS shares. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.