Chart Industries, Inc. (NYSE:GTLS – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $209.30 and last traded at $209.2110, with a volume of 589993 shares. The stock had previously closed at $208.73.
Wall Street Analysts Forecast Growth
GTLS has been the topic of a number of research reports. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $201.80.
Get Our Latest Stock Report on GTLS
Chart Industries Stock Up 0.2%
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings 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 holdings in Chart Industries by 7.2% in the fourth 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 during the period. UBS Group AG grew its holdings in Chart Industries by 76.9% during the 4th 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 period. Goldman Sachs Group Inc. lifted its stake in shares of Chart Industries by 62.1% in 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 purchasing an additional 442,650 shares during the period. Finally, Norges Bank bought a new stake in shares of Chart Industries during the 4th quarter valued at about $237,827,000.
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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