The Manufacturers Life Insurance Company Sells 2,611 Shares of Chart Industries, Inc. $GTLS

The Manufacturers Life Insurance Company reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,383 shares of the industrial products company’s stock after selling 2,611 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Chart Industries worth $7,109,000 at the end of the most recent reporting period.

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

Chart Industries Price Performance

Shares of GTLS opened at $209.90 on Thursday. The company has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. Chart Industries, Inc. has a one year low of $163.23 and a one year high of $209.96. The business’s 50 day simple moving average is $208.74 and its 200-day simple moving average is $207.85.

Analyst Ratings Changes

GTLS has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $210.00.

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.