Hsbc Holdings PLC Acquires 10,219 Shares of Chart Industries, Inc. $GTLS

Hsbc Holdings PLC lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,198 shares of the industrial products company’s stock after buying an additional 10,219 shares during the quarter. Hsbc Holdings PLC’s holdings in Chart Industries were worth $19,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Torren Management LLC acquired a new position in shares of Chart Industries during the 4th quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in Chart Industries in the fourth quarter worth $40,000. MCF Advisors LLC bought a new stake in Chart Industries in the fourth quarter valued at $41,000. Smartleaf Asset Management LLC increased its stake in Chart Industries by 44.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 100 shares during the period.

Wall Street Analysts Forecast Growth

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

Chart Industries Stock Performance

Shares of GTLS stock opened at $209.21 on Wednesday. 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 fifty day simple moving average of $207.80 and a two-hundred day simple moving average of $207.33. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.30. The firm has a market capitalization of $10.01 billion, a PE ratio of -201.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.53.

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.