Chart Industries, Inc. $GTLS Shares Sold by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC cut its stake in Chart Industries by 78.2% in Q4, selling 19,784 shares and leaving 5,511 shares valued at about $1.14 million.
• Chart reported a quarterly miss with EPS $2.51 vs. $3.48 expected and revenue of $1.08 billion vs. $1.23 billion expected, while the stock trades near its 12‑month high around $207.
• Analysts' consensus is a Hold with an average target of $203.67; the company has a market cap of about $9.94 billion and an unusually high reported P/E of ~799.

SG Americas Securities LLC cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 78.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,511 shares of the industrial products company's stock after selling 19,784 shares during the period. SG Americas Securities LLC's holdings in Chart Industries were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GTLS. IFP Advisors Inc lifted its stake in shares of Chart Industries by 4.2% in 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 period. Savant Capital LLC lifted its stake in shares of Chart Industries by 2.0% in the third quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company's stock valued at $717,000 after buying an additional 70 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company's stock valued at $29,000 after buying an additional 71 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Chart Industries by 1.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company's stock valued at $866,000 after buying an additional 73 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of Chart Industries by 36.9% in the third quarter. CI Investments Inc. now owns 271 shares of the industrial products company's stock valued at $54,000 after buying an additional 73 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GTLS shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen raised shares of Chart Industries to a "hold" rating in a research report on Saturday, April 4th. Finally, Zacks Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $203.67.

Chart Industries Stock Performance

NYSE:GTLS opened at $207.66 on Thursday. Chart Industries, Inc. has a 12-month low of $110.06 and a 12-month high of $208.24. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $9.94 billion, a PE ratio of 798.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.70. The firm has a 50-day moving average price of $207.13 and a 200 day moving average price of $204.72.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its quarterly 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). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $2.66 EPS. The business's revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.

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