ABC Arbitrage SA Purchases Shares of 16,351 Chart Industries, Inc. $GTLS

ABC Arbitrage SA acquired a new position in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,351 shares of the industrial products company’s stock, valued at approximately $3,273,000.

A number of other hedge funds have also recently made changes to their positions in the stock. United Community Bank grew its holdings in shares of Chart Industries by 364.5% in 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. Allworth Financial LP grew its stake in shares of Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Chart Industries in the third quarter valued at $93,000.

Wall Street Analysts Forecast Growth

GTLS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Hold” and a consensus price target of $206.00.

Chart Industries Trading Down 0.2%

Shares of GTLS stock opened at $207.06 on Wednesday. The company has a market capitalization of $9.31 billion, a P/E ratio of 252.51, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $206.50 and its two-hundred day moving average is $202.20. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $208.24.

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.