GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,048 shares of the industrial products company’s stock after purchasing an additional 3,014 shares during the quarter. Chart Industries makes up 4.0% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 2nd biggest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Chart Industries were worth $26,681,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of GTLS. Gamco Investors INC. ET AL lifted its stake in Chart Industries by 22.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 271,100 shares of the industrial products company’s stock valued at $56,050,000 after buying an additional 50,351 shares in the last quarter. PSquared Asset Management AG increased its stake in Chart Industries by 6.1% during the 1st quarter. PSquared Asset Management AG now owns 117,407 shares of the industrial products company’s stock worth $24,274,000 after buying an additional 6,753 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Chart Industries during the first quarter valued at approximately $27,942,000. Caxton Associates LLP raised its holdings in shares of Chart Industries by 723.7% during the first quarter. Caxton Associates LLP now owns 194,130 shares of the industrial products company’s stock valued at $40,136,000 after acquiring an additional 170,563 shares during the last quarter. Finally, Capula Management Ltd purchased a new position in shares of Chart Industries in the first quarter valued at approximately $34,387,000.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on GTLS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Ten investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Reduce” and a consensus target price of $210.00.
Chart Industries Price Performance
GTLS stock opened at $209.90 on Friday. Chart Industries, Inc. has a one year low of $163.23 and a one year high of $209.96. The firm’s 50 day moving average price is $208.39 and its 200-day moving average price is $207.66. The firm has a market cap of $10.05 billion, a PE ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.
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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