Versor Investments LP Has $5.95 Million Position in Chart Industries, Inc. $GTLS

Versor Investments LP lessened its holdings in Chart Industries, Inc. (NYSE:GTLS) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,719 shares of the industrial products company’s stock after selling 12,632 shares during the quarter. Chart Industries accounts for approximately 1.1% of Versor Investments LP’s holdings, making the stock its 12th biggest holding. Versor Investments LP owned approximately 0.07% of Chart Industries worth $5,948,000 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 business. Allworth Financial LP increased its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. United Community Bank boosted its holdings in Chart Industries by 364.5% during the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Chart Industries by 44.8% in the 2nd 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. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Chart Industries in the 2nd quarter worth approximately $54,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GTLS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $206.00.

Chart Industries Price Performance

Shares of GTLS stock opened at $207.45 on Tuesday. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The stock has a market capitalization of $9.32 billion, a PE ratio of 252.99, a PEG ratio of 0.79 and a beta of 1.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The stock’s fifty day moving average is $206.45 and its 200-day moving average is $201.95.

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.