Hsbc Holdings PLC Lowers Stock Position in Chart Industries, Inc. $GTLS

Hsbc Holdings PLC cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 95.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,078 shares of the industrial products company’s stock after selling 88,120 shares during the period. Hsbc Holdings PLC’s holdings in Chart Industries were worth $843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GTLS. Millennium Management LLC boosted its position in shares of Chart Industries by 94.9% during the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares during the period. FIL Ltd raised its position in Chart Industries by 7.2% in the fourth quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock valued at $271,296,000 after purchasing an additional 88,000 shares during the period. UBS Group AG raised its position in Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares during the period. Goldman Sachs Group Inc. lifted its stake in Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after purchasing an additional 442,650 shares in the last quarter. Finally, Norges Bank acquired a new position in Chart Industries during the fourth quarter worth $237,827,000.

Analyst Ratings Changes

GTLS has been the subject of a number of research reports. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $210.00.

Chart Industries Price Performance

Shares of GTLS opened at $209.90 on Thursday. The company has a market cap of $10.05 billion, a P/E ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average price is $208.55 and its 200 day moving average price is $207.74.

Chart Industries Company 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.