Chart Industries, Inc. (NYSE:GTLS – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $209.18 and last traded at $208.9950, with a volume of 416354 shares. The stock had previously closed at $208.94.
Analyst Upgrades and Downgrades
GTLS has been the topic of several analyst reports. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven investment 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, Chart Industries has an average rating of “Reduce” and an average target price of $201.80.
Read Our Latest Report on Chart Industries
Chart Industries Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Angelo Gordon & CO. L.P. acquired a new position in Chart Industries in the third quarter valued at $2,602,000. Magnetar Financial LLC increased its stake 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 acquiring an additional 72,078 shares during the last quarter. M&T Bank Corp raised its holdings in shares of 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 worth $10,912,000 after purchasing an additional 50,623 shares during the period. Centiva Capital LP acquired a new position in shares of Chart Industries in the 3rd quarter valued at about $12,009,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Chart Industries by 254.3% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 145,401 shares of the industrial products company’s stock valued at $29,102,000 after purchasing an additional 104,358 shares in the last quarter.
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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