PSquared Asset Management AG lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 6.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 117,407 shares of the industrial products company’s stock after acquiring an additional 6,753 shares during the period. Chart Industries accounts for about 8.4% of PSquared Asset Management AG’s investment portfolio, making the stock its 6th largest holding. PSquared Asset Management AG’s holdings in Chart Industries were worth $24,274,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Torren Management LLC purchased a new position in Chart Industries during the fourth quarter worth about $30,000. MCF Advisors LLC purchased a new stake in Chart Industries in the 4th quarter valued at about $41,000. Los Angeles Capital Management LLC purchased a new stake in Chart Industries in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC increased its stake in shares of Chart Industries by 44.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Chart Industries by 35.7% during the 4th quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 82 shares during the last quarter.
Analysts Set New Price Targets
Several research firms recently issued reports on GTLS. 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Ten equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of “Reduce” and an average price target of $210.00.
Chart Industries Price Performance
Shares of Chart Industries stock opened at $209.90 on Friday. The business’s fifty day moving average price is $208.33 and its 200 day moving average price is $207.65. Chart Industries, Inc. has a twelve month low of $163.23 and a twelve month high of $209.96. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a PEG 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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