Whitebox Advisors LLC Has $156.90 Million Position in Chart Industries, Inc. $GTLS

Whitebox Advisors LLC grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 35.5% during the 1st quarter, Holdings Channel reports. The firm owned 758,887 shares of the industrial products company’s stock after buying an additional 198,886 shares during the period. Chart Industries comprises about 1.9% of Whitebox Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Whitebox Advisors LLC’s holdings in Chart Industries were worth $156,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after buying an additional 7,314 shares during the last quarter. California Public Employees Retirement System increased its holdings in Chart Industries by 7.8% during 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 buying an additional 5,443 shares during the last quarter. Sei Investments Co. increased its holdings in Chart Industries by 0.7% during the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Chart Industries by 8.6% during 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 acquiring an additional 4,129 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Chart Industries by 55.9% during the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after acquiring an additional 49,715 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on GTLS shares. Zacks Research cut 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 research note on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Ten research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Reduce” and an average target price of $210.00.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $10.05 billion, a PE ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 1-year low of $163.23 and a 1-year high of $209.96. The business’s 50 day simple moving average is $208.39 and its 200 day simple moving average is $207.67.

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.