Segall Bryant & Hamill LLC Takes Position in Chart Industries, Inc. $GTLS

Segall Bryant & Hamill LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,046 shares of the industrial products company’s stock, valued at approximately $1,460,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in shares of Chart Industries by 2,212.5% in the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after purchasing an additional 50,623 shares during the last quarter. UBS Group AG increased its position in shares of 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 valued at $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of Chart Industries by 499.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 22,761 shares of the industrial products company’s stock valued at $4,556,000 after purchasing an additional 18,961 shares during the last quarter. Jefferson Bridge Capital LLC purchased a new stake in Chart Industries during the 4th quarter valued at $1,316,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Chart Industries by 19.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 126,034 shares of the industrial products company’s stock worth $25,992,000 after buying an additional 20,334 shares during the last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the subject of several recent analyst reports. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $210.00.

Chart Industries Stock Performance

GTLS stock opened at $209.90 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $208.70 and its two-hundred day simple moving average is $207.83. Chart Industries, Inc. has a twelve month low of $163.23 and a twelve month high of $209.96. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53.

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.