The Manufacturers Life Insurance Company Has $7.11 Million Stock Position in Chart Industries, Inc. $GTLS

The Manufacturers Life Insurance Company lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 7.1% during the first quarter, Holdings Channel reports. The fund owned 34,383 shares of the industrial products company’s stock after selling 2,611 shares during the period. The Manufacturers Life Insurance Company’s holdings in Chart Industries were worth $7,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Chart Industries during the fourth quarter worth approximately $237,827,000. Balyasny Asset Management L.P. increased its holdings in shares of 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 valued at $203,919,000 after purchasing an additional 975,501 shares in the last quarter. Millennium Management LLC raised its position in Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares during the last quarter. Kryger Capital LLC bought a new position in Chart Industries in the 1st quarter worth approximately $113,737,000. Finally, UBS Group AG lifted its holdings in 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 worth $243,550,000 after buying an additional 513,195 shares in the last quarter.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of recent research reports. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Stock Performance

GTLS opened at $209.90 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The company has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The firm has a 50 day simple moving average of $208.74 and a 200 day simple moving average of $207.85. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96.

Chart Industries Company 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.