Vanguard Group Inc. Sells 38,858 Shares of Chart Industries, Inc. $GTLS

Key Points

• Vanguard Group Inc. trimmed its position in Chart Industries by 0.9%, selling 38,858 shares in Q4 but still holds 4,355,223 shares (9.69%) valued at about $898.2 million.
• Chart missed quarterly expectations with EPS $2.51 vs. $3.48 expected and revenue $1.08B vs. $1.23B, while the stock trades near its 52‑week high (~$208) amid a very high P/E (799.47) and a MarketBeat consensus rating of "Reduce" with a $202 price target.

Vanguard Group Inc. trimmed its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,355,223 shares of the industrial products company's stock after selling 38,858 shares during the period. Vanguard Group Inc. owned 9.69% of Chart Industries worth $898,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. M&T Bank Corp increased its holdings in Chart Industries by 2,212.5% in the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company's stock valued at $10,912,000 after acquiring an additional 50,623 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in Chart Industries by 69.6% in the 4th quarter. Evergreen Capital Management LLC now owns 2,047 shares of the industrial products company's stock valued at $422,000 after acquiring an additional 840 shares during the last quarter. Cannon Global Investment Management LLC increased its holdings in Chart Industries by 3.1% in the 4th quarter. Cannon Global Investment Management LLC now owns 3,300 shares of the industrial products company's stock valued at $681,000 after acquiring an additional 100 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Chart Industries in the 4th quarter valued at $117,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Chart Industries by 30.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 52,000 shares of the industrial products company's stock valued at $10,724,000 after acquiring an additional 12,000 shares during the last quarter.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $207.86 on Friday. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.51. The stock has a market capitalization of $9.95 billion, a P/E ratio of 799.47, a PEG ratio of 0.96 and a beta of 1.56. The firm has a fifty day simple moving average of $207.35 and a two-hundred day simple moving average of $205.59. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06.

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

Analyst Ratings Changes

GTLS has been the topic of a number of research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research downgraded shares of Chart Industries from a "hold" rating to a "strong sell" rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Chart Industries to a "hold" rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $202.00.

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.

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