Wellesley Investment Advisors Exits Position in Chart Industries (GTLS)

Chart Industries (GTLS) : Wellesley Investment Advisors has sold out all of its stake in Chart Industries during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 12,500 shares of Chart Industries which is valued at $298,750.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. sold out all of its stake in GTLS during the most recent quarter. The investment firm sold 33,114 shares of GTLS which is valued $791,425. Algert Global added GTLS to its portfolio by purchasing 17,697 company shares during the most recent quarter which is valued at $422,958. Chart Industries makes up approx 0.16% of Algert Global’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in GTLS in the latest quarter, The investment management firm added 11,228 additional shares and now holds a total of 750,380 shares of Chart Industries which is valued at $17.9 Million.

Chart Industries opened for trading at $23.9 and hit $24.57 on the upside on Friday, eventually ending the session at $24.47, with a gain of 2.90% or 0.69 points. The heightened volatility saw the trading volume jump to 2,24,495 shares. Company has a market cap of $748,586 M.

On the company’s financial health, Chart Industries reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.03. The company had revenue of $193.80 million for the quarter, compared to analysts expectations of $216.64 million. The company’s revenue was down -20.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Chart Industries. Company shares were Upgraded by Lake Street on Apr 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $19 .

Chart Industries Inc. (Chart) is a diversified manufacturer of engineered equipment engineered equipment for the industrial gas energy and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments: Energy & Chemicals (E&C) Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels heat exchangers cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications such as the separation liquefaction distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment it supplies cryogenic and other equipment used in the medical biological research and animal breeding industries. The Company through Thermax Inc. provides cryogenic fluid vaporizers utilized in industrial gas petro-chemical and liquefied natural gas applications.

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