Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in Chart Industries, Inc. (NYSE:GTLS) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,890 shares of the industrial products company’s stock after selling 704 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Chart Industries were worth $3,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI boosted its holdings in shares of Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after acquiring an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Chart Industries by 248.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after purchasing an additional 15,862 shares during the period. Fisher Asset Management LLC boosted its holdings in Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after purchasing an additional 13,181 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in Chart Industries during the 3rd quarter worth about $373,000. Finally, Premier Fund Managers Ltd purchased a new position in shares of Chart Industries during the 3rd quarter valued at about $733,000.

Chart Industries Price Performance

NYSE GTLS traded up $4.58 during mid-day trading on Monday, hitting $199.69. The stock had a trading volume of 469,523 shares, compared to its average volume of 732,708. The firm’s 50 day moving average is $185.54 and its 200 day moving average is $149.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 1.01 and a beta of 1.84. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $210.66.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GTLS shares. Morgan Stanley upgraded Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research report on Monday, September 16th. Bank of America lowered their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group lifted their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus increased their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.75.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.