Melqart Asset Management UK Ltd purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 246,240 shares of the industrial products company’s stock, valued at approximately $50,782,000. Chart Industries comprises approximately 5.0% of Melqart Asset Management UK Ltd’s investment portfolio, making the stock its 4th biggest holding. Melqart Asset Management UK Ltd owned approximately 0.55% of Chart Industries as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Chart Industries by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after buying an additional 50 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Chart Industries by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after buying an additional 51 shares during the last quarter. IFP Advisors Inc grew its holdings 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 acquiring an additional 59 shares in the last quarter. Lifestyle Asset Management Inc. grew its holdings in shares of Chart Industries by 2.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 59 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its position in shares of Chart Industries by 1.7% during the fourth quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company’s stock valued at $756,000 after acquiring an additional 60 shares during the last quarter.
Chart Industries Stock Up 0.3%
Chart Industries stock opened at $207.30 on Wednesday. The firm has a 50 day moving average price of $207.57 and a 200-day moving average price of $206.96. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a twelve month low of $140.50 and a twelve month high of $208.76. The company has a market capitalization of $9.92 billion, a P/E ratio of 797.35, a P/E/G ratio of 1.22 and a beta of 1.53.
Analyst Upgrades and Downgrades
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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