Millennium Management LLC Purchases 772,723 Shares of Chart Industries, Inc. $GTLS

Millennium Management LLC lifted its position in Chart Industries, Inc. (NYSE:GTLS) by 94.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,586,588 shares of the industrial products company’s stock after purchasing an additional 772,723 shares during the period. Millennium Management LLC’s holdings in Chart Industries were worth $327,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GTLS. AQR Capital Management LLC grew its holdings in shares of 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 during the last quarter. California Public Employees Retirement System grew its holdings in shares of 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 during the last quarter. Sei Investments Co. grew its holdings in shares of 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 during the last quarter. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. lifted 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 acquiring an additional 49,715 shares during the period.

Wall Street Analysts Forecast Growth

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

Chart Industries Stock Performance

Shares of GTLS stock opened at $206.93 on Thursday. The stock has a fifty day moving average of $207.56 and a 200 day moving average of $206.98. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 795.90, a PEG ratio of 1.22 and a beta of 1.53. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.

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.