Hsbc Holdings PLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 92,198 shares of the industrial products company’s stock after buying an additional 10,219 shares during the quarter. Hsbc Holdings PLC’s holdings in Chart Industries were worth $19,009,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GTLS. Angelo Gordon & CO. L.P. acquired a new stake in shares of Chart Industries during the third quarter worth $2,602,000. Magnetar Financial LLC boosted its stake in Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after purchasing an additional 72,078 shares during the period. M&T Bank Corp increased its holdings in Chart Industries by 2,212.5% during 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 in the last quarter. Centiva Capital LP bought a new position in Chart Industries during the 3rd quarter worth about $12,009,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised 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 during the period.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $201.80.
Chart Industries Price Performance
Shares of NYSE GTLS opened at $208.74 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The business has a 50-day moving average of $207.64 and a 200-day moving average of $207.12. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 802.86, a PEG ratio of 1.23 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $148.43 and a fifty-two week high of $209.13.
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.
Featured Stories
- Five stocks we like better than Chart Industries
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLS – Free Report).
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.
