Polar Asset Management Partners Inc. Decreases Stake in Chart Industries, Inc. $GTLS

Polar Asset Management Partners Inc. lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 28.0% during the third quarter, HoldingsChannel reports. The fund owned 90,000 shares of the industrial products company’s stock after selling 35,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Chart Industries were worth $18,014,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Allworth Financial LP grew 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 worth $27,000 after purchasing an additional 70 shares during the period. United Community Bank lifted its stake in shares of Chart Industries by 364.5% in the third 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 during the period. EverSource Wealth Advisors LLC boosted its holdings in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Chart Industries by 44.8% during the second 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 during the period.

Chart Industries Price Performance

Chart Industries stock opened at $207.01 on Thursday. The firm has a market capitalization of $9.91 billion, a PE ratio of 796.23, a P/E/G ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The firm’s 50-day simple moving average is $207.17 and its 200 day simple moving average is $203.92. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 earnings per share. On average, equities research analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GTLS. Zacks Research cut shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.