Janus Henderson Group PLC increased its position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,920 shares of the industrial products company’s stock after purchasing an additional 2,500 shares during the quarter. Janus Henderson Group PLC owned approximately 0.12% of Chart Industries worth $12,182,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in Chart Industries by 94.9% during the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares during the last quarter. FIL Ltd lifted its stake in shares of Chart Industries by 7.2% in the fourth quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after buying an additional 88,000 shares in the last quarter. UBS Group AG boosted its position in 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 acquiring an additional 513,195 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Chart Industries by 62.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock valued at $238,245,000 after acquiring an additional 442,650 shares in the last quarter. Finally, Norges Bank acquired a new stake in Chart Industries in the 4th quarter valued at about $237,827,000.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $210.00.
Chart Industries Stock Performance
GTLS opened at $209.90 on Wednesday. The stock 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, Inc. has a one year low of $163.23 and a one year high of $209.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The business’s 50 day moving average price is $208.70 and its 200 day moving average price is $207.83.
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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