Maven Securities LTD Buys New Shares in Chart Industries, Inc. $GTLS

Maven Securities LTD acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLSFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,672 shares of the industrial products company’s stock, valued at approximately $6,738,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Angelo Gordon & CO. L.P. bought a new position in Chart Industries during the third quarter worth $2,602,000. Magnetar Financial LLC boosted its position in Chart Industries by 23.3% during the third quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after purchasing an additional 72,078 shares during the period. M&T Bank Corp boosted its position in Chart Industries by 2,212.5% during the fourth quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock worth $10,912,000 after purchasing an additional 50,623 shares during the period. Centiva Capital LP bought a new position in Chart Industries during the third quarter worth $12,009,000. Finally, Capricorn Fund Managers Ltd bought a new position in Chart Industries during the fourth quarter worth $6,885,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $201.80.

Check Out Our Latest Stock Analysis on Chart Industries

Chart Industries Price Performance

NYSE:GTLS opened at $206.62 on Monday. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 794.72, a P/E/G ratio of 1.22 and a beta of 1.53. The firm’s 50-day simple moving average is $207.57 and its 200 day simple moving average is $206.91. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Chart Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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