Magnetar Financial LLC Buys 119,427 Shares of Chart Industries, Inc. $GTLS

Magnetar Financial LLC lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 31.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,505 shares of the industrial products company’s stock after purchasing an additional 119,427 shares during the period. Chart Industries makes up about 1.0% of Magnetar Financial LLC’s holdings, making the stock its 2nd biggest position. Magnetar Financial LLC owned 1.12% of Chart Industries worth $103,425,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GTLS. EverSource Wealth Advisors LLC lifted its position in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC acquired a new position in Chart Industries during the fourth quarter worth $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth about $40,000. MCF Advisors LLC acquired a new stake in shares of Chart Industries in the fourth quarter worth about $41,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter.

Chart Industries Stock Up 0.3%

Chart Industries stock opened at $207.30 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. The firm has a fifty day moving average price of $207.57 and a two-hundred day moving average price of $206.96. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 797.35, a P/E/G ratio of 1.22 and a beta of 1.53.

Analysts Set New Price Targets

A number of brokerages have recently commented on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Chart Industries currently has a consensus rating of “Reduce” and a consensus price target of $201.80.

Chart Industries 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.