Chart Industries, Inc. $GTLS Shares Sold by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management cut its stake in Chart Industries by 90.5% in Q4, selling 235,291 shares and retaining 24,628 shares worth about $5.08 million (≈0.05% of the company).
• Chart Industries missed expectations in the latest quarter, reporting EPS of $2.51 vs. $3.48 expected and revenue of $1.08 billion vs. $1.23 billion expected, with revenue down 2.5% year-over-year.
• Wall Street sentiment is cautious-to-negative: the consensus rating is "Reduce" with an average price target of $202, and several firms (including Weiss and Zacks) have issued downgrades.

Wolverine Asset Management LLC reduced its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 90.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,628 shares of the industrial products company's stock after selling 235,291 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.05% of Chart Industries worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. United Community Bank increased its stake in Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 71 shares during the last quarter. Torren Management LLC acquired a new position in Chart Industries in the fourth quarter valued at $30,000. Clearstead Advisors LLC increased its stake in Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, CI Investments Inc. increased its stake in 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 purchasing an additional 73 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $207.86 on Monday. The firm has a market capitalization of $9.95 billion, a PE ratio of 799.47, a P/E/G ratio of 0.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The business has a 50-day moving average of $207.35 and a two-hundred day moving average of $205.63. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.51.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 earnings per share. As a group, research analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GTLS. Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen raised Chart Industries to a "hold" rating in a research report on Saturday, April 4th. Finally, Zacks Research lowered Chart Industries from a "hold" rating to a "strong sell" rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $202.00.

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.

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