Swiss National Bank lifted its position in Chart Industries, Inc. (NYSE:GTLS – Free Report) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,600 shares of the industrial products company’s stock after purchasing an additional 5,900 shares during the period. Swiss National Bank’s holdings in Chart Industries were worth $19,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. Millennium Management LLC increased its holdings in shares of Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after buying an additional 772,723 shares during the last quarter. FIL Ltd boosted its holdings in shares of Chart Industries by 7.2% in the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock valued at $271,296,000 after buying an additional 88,000 shares in the last quarter. UBS Group AG increased its position in shares of Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after purchasing an additional 513,195 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after acquiring an additional 442,650 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Chart Industries during the fourth quarter worth $237,827,000.
Analyst Ratings Changes
Several brokerages have commented on GTLS. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $210.00.
Chart Industries Price Performance
GTLS stock opened at $209.90 on Friday. The business’s fifty day moving average price is $208.39 and its 200 day moving average price is $207.66. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a 12-month low of $163.23 and a 12-month high of $209.96. The company has a market capitalization of $10.05 billion, a PE ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53.
Chart Industries Company Profile
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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