Flputnam Investment Management Co. Grows Position in Chart Industries, Inc. $GTLS

Flputnam Investment Management Co. lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,226 shares of the industrial products company’s stock after buying an additional 2,954 shares during the period. Flputnam Investment Management Co.’s holdings in Chart Industries were worth $4,171,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC boosted its position in shares of Chart Industries by 0.6% during the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after buying an additional 50 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Chart Industries by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after buying an additional 51 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Chart Industries by 4.2% during the third quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after buying an additional 59 shares during the last quarter. Archford Capital Strategies LLC boosted its position in Chart Industries by 1.7% in the fourth quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company’s stock worth $756,000 after purchasing an additional 60 shares during the last quarter. Finally, Savant Capital LLC boosted its position in Chart Industries by 2.0% in the third quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 70 shares during the last quarter.

Chart Industries Trading Down 0.1%

Shares of NYSE:GTLS opened at $207.74 on Thursday. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 799.01, a PEG ratio of 1.22 and a beta of 1.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The stock’s 50-day simple moving average is $207.49 and its two-hundred day simple moving average is $206.57. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.76.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a positive return on equity of 10.50% and a negative net margin of 0.62%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.66 earnings per share. Analysts expect that Chart Industries, Inc. will post 8.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GTLS. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Wall Street Zen cut Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $201.80.

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.