Squarepoint Ops LLC Increases Position in Chart Industries, Inc. $GTLS

Squarepoint Ops LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 173.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 397,235 shares of the industrial products company’s stock after acquiring an additional 252,035 shares during the quarter. Squarepoint Ops LLC owned 0.88% of Chart Industries worth $81,922,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 7,314 shares in the last quarter. California Public Employees Retirement System grew its stake in Chart Industries by 7.8% in the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after purchasing an additional 5,443 shares in the last quarter. Sei Investments Co. grew its stake in Chart Industries by 0.7% in the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after purchasing an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Chart Industries by 8.6% in the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after purchasing an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Chart Industries by 55.9% in the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after purchasing an additional 49,715 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $206.54 on Tuesday. 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 has a 50 day moving average of $207.56 and a two-hundred day moving average of $206.93. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The company has a market cap of $9.89 billion, a P/E ratio of 794.41, a PEG ratio of 1.22 and a beta of 1.53.

Analyst Upgrades and Downgrades

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

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.