53,000 Shares in Chart Industries, Inc. $GTLS Bought by Chicago Capital Management LLC

Chicago Capital Management LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 53,000 shares of the industrial products company’s stock, valued at approximately $10,958,000. Chart Industries makes up about 0.0% of Chicago Capital Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Chart Industries in the 4th quarter valued at about $237,827,000. Balyasny Asset Management L.P. raised its holdings in Chart Industries by 2,251.3% during 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 holdings in Chart Industries by 94.9% during the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after acquiring an additional 772,723 shares in the last quarter. UBS Group AG boosted its position in Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Chart Industries during the third quarter valued at approximately $92,938,000.

Analysts Set New Price Targets

Several research firms have weighed in on GTLS. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $201.80.

Chart Industries Trading Up 0.0%

GTLS stock opened at $208.77 on Friday. Chart Industries, Inc. has a one year low of $162.00 and a one year high of $209.18. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of -200.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53. The company has a fifty day moving average price of $207.75 and a two-hundred day moving average price of $207.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

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.