Magnetar Financial LLC Has $76.47 Million Stake in Chart Industries, Inc. $GTLS

Magnetar Financial LLC boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,078 shares of the industrial products company’s stock after acquiring an additional 72,078 shares during the quarter. Chart Industries accounts for 0.5% of Magnetar Financial LLC’s portfolio, making the stock its 15th largest position. Magnetar Financial LLC’s holdings in Chart Industries were worth $76,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Dimensional Fund Advisors LP increased its holdings in Chart Industries by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock worth $243,433,000 after purchasing an additional 8,697 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chart Industries by 6.4% in the second 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 in the last quarter. Norges Bank acquired a new position in shares of Chart Industries during the second quarter worth about $92,901,000. Charles Schwab Investment Management Inc. boosted its position in shares of Chart Industries by 4.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after buying an additional 22,556 shares during the period. Finally, Alpine Associates Management Inc. grew its holdings in shares of Chart Industries by 590.3% during the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock worth $101,898,000 after buying an additional 435,359 shares in the last quarter.

Wall Street Analyst Weigh In

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

Chart Industries Trading Down 0.2%

Shares of NYSE:GTLS opened at $206.78 on Wednesday. The company’s 50-day moving average price is $207.09 and its two-hundred day moving average price is $203.60. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The stock has a market capitalization of $9.90 billion, a PE ratio of 795.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. Chart Industries’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. On average, equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.