Chart Industries, Inc. $GTLS Stake Raised by Credit Industriel ET Commercial

Credit Industriel ET Commercial boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,625 shares of the industrial products company’s stock after acquiring an additional 2,625 shares during the quarter. Credit Industriel ET Commercial’s holdings in Chart Industries were worth $2,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. Balyasny Asset Management L.P. raised its position in Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after acquiring an additional 975,501 shares in the last quarter. Millennium Management LLC raised its position in Chart Industries by 222.7% in the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after acquiring an additional 561,622 shares in the last quarter. UBS Group AG raised its position in Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after acquiring an additional 513,195 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Chart Industries in the third quarter worth about $92,938,000. Finally, 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 worth $101,898,000 after acquiring an additional 435,359 shares in the last quarter.

Chart Industries Trading Down 0.0%

NYSE:GTLS opened at $207.75 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.51. The stock’s 50-day moving average is $207.36 and its two-hundred day moving average is $205.68. The stock has a market cap of $9.94 billion, a PE ratio of 799.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.56.

Chart Industries (NYSE:GTLS) last released its earnings results 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). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $2.66 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Chart Industries, Inc. will post 11.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GTLS has been the topic of several research reports. Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $202.00.

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.