Alpine Associates Management Inc. Increases Stake in Chart Industries, Inc. $GTLS

Alpine Associates Management Inc. grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 590.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 509,110 shares of the industrial products company’s stock after buying an additional 435,359 shares during the quarter. Chart Industries makes up 6.1% of Alpine Associates Management Inc.’s holdings, making the stock its 4th biggest holding. Alpine Associates Management Inc. owned approximately 1.13% of Chart Industries worth $101,898,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after acquiring an additional 7,314 shares during the period. Callan Family Office LLC acquired a new stake in Chart Industries in the second quarter valued at $217,000. IFP Advisors Inc raised its position in Chart Industries by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 1,415 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 63 shares during the last quarter. CWM LLC lifted its holdings in Chart Industries by 89.2% during the 2nd quarter. CWM LLC now owns 1,922 shares of the industrial products company’s stock worth $316,000 after buying an additional 906 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of Chart Industries by 4.9% in the 2nd quarter. Yousif Capital Management LLC now owns 15,213 shares of the industrial products company’s stock valued at $2,505,000 after buying an additional 707 shares during the last quarter.

Chart Industries Price Performance

GTLS stock opened at $207.03 on Thursday. 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 business has a 50-day simple moving average of $206.54 and a two-hundred day simple moving average of $202.23. The company has a market capitalization of $9.31 billion, a P/E ratio of 252.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24.

Wall Street Analyst Weigh In

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

About Chart Industries

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.