Fifth Lane Capital LP Takes Position in Chart Industries, Inc. $GTLS

Fifth Lane Capital LP acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,264 shares of the industrial products company’s stock, valued at approximately $653,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Chart Industries by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock valued at $178,804,000 after purchasing an additional 65,078 shares during the last quarter. Norges Bank bought a new stake in Chart Industries during the 2nd quarter worth $92,901,000. Charles Schwab Investment Management Inc. increased its holdings in Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after purchasing an additional 22,556 shares in the last quarter. Alpine Associates Management Inc. raised its position in Chart Industries by 590.3% in the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after purchasing an additional 435,359 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Chart Industries by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 327,153 shares of the industrial products company’s stock valued at $53,866,000 after purchasing an additional 18,190 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chart Industries presently has a consensus rating of “Hold” and an average price target of $204.10.

Chart Industries Stock Up 0.1%

Shares of NYSE:GTLS opened at $207.46 on Friday. The stock has a 50 day moving average price of $206.91 and a 200-day moving average price of $203.03. The firm has a market capitalization of $9.33 billion, a P/E ratio of 253.00, a P/E/G ratio of 0.79 and a beta of 1.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24.

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.