Verition Fund Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,000 shares of the industrial products company’s stock, valued at approximately $1,031,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Capital World Investors lifted its holdings in shares of Chart Industries by 16.1% in the 1st quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock valued at $756,272,000 after buying an additional 609,148 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Chart Industries by 22.9% in the 1st quarter. Nordea Investment Management AB now owns 1,444,114 shares of the industrial products company’s stock valued at $254,763,000 after buying an additional 269,051 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Chart Industries by 2.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,389,601 shares of the industrial products company’s stock valued at $221,627,000 after buying an additional 31,808 shares during the period. Wellington Management Group LLP raised its holdings in Chart Industries by 63.1% in the 1st quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock worth $230,071,000 after purchasing an additional 517,951 shares during the period. Finally, Invesco Ltd. raised its holdings in Chart Industries by 6.5% in the 1st quarter. Invesco Ltd. now owns 1,127,603 shares of the industrial products company’s stock worth $193,688,000 after purchasing an additional 69,149 shares during the period.
Chart Industries Price Performance
NYSE:GTLS opened at $195.67 on Wednesday. Chart Industries, Inc. has a 12 month low of $108.29 and a 12 month high of $218.95. The stock has a 50 day moving average of $197.48 and a two-hundred day moving average of $177.60. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.17 billion, a P/E ratio of 161.71 and a beta of 1.50.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Craig Hallum upped their price target on Chart Industries from $225.00 to $243.00 in a report on Monday, August 1st. Lake Street Capital upped their price target on Chart Industries from $195.00 to $225.00 in a report on Monday, August 1st. TheStreet raised Chart Industries from a “c” rating to a “b-” rating in a report on Friday, August 5th. Cowen upped their price target on Chart Industries to $225.00 in a report on Tuesday, August 9th. Finally, Credit Suisse Group upped their price target on Chart Industries from $203.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.00.
Chart Industries Profile
Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.
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