Chart Industries, Inc. $GTLS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 33.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,200 shares of the industrial products company’s stock after selling 15,100 shares during the period. Renaissance Technologies LLC owned 0.06% of Chart Industries worth $6,244,000 at the end of the most recent quarter.

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

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $209.90 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The stock has a market capitalization of $10.05 billion, a price-to-earnings 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 company has a 50 day moving average price of $208.70 and a 200 day moving average price of $207.83.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GTLS. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chart Industries has an average rating of “Reduce” and an average price target of $210.00.

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.