Atlantic Investment Management Inc. Has $29.52 Million Position in Chart Industries, Inc. $GTLS

Atlantic Investment Management Inc. reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 46.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,499 shares of the industrial products company’s stock after selling 127,200 shares during the period. Chart Industries makes up 17.0% of Atlantic Investment Management Inc.’s portfolio, making the stock its biggest holding. Atlantic Investment Management Inc. owned about 0.33% of Chart Industries worth $29,522,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GTLS. Balyasny Asset Management L.P. boosted its stake in Chart Industries by 2,251.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after buying an additional 975,501 shares during the period. Norges Bank bought a new position in Chart Industries in the 2nd quarter worth about $92,901,000. Alpine Associates Management Inc. raised its holdings in shares of Chart Industries by 590.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after acquiring an additional 435,359 shares in the last quarter. AQR Arbitrage LLC boosted its position in shares of Chart Industries by 369.1% during the 3rd quarter. AQR Arbitrage LLC now owns 378,580 shares of the industrial products company’s stock valued at $75,773,000 after acquiring an additional 297,878 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Chart Industries by 269.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 313,386 shares of the industrial products company’s stock valued at $51,599,000 after acquiring an additional 228,479 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GTLS. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $204.10.

Chart Industries Stock Down 0.1%

GTLS opened at $206.78 on Friday. The business’s fifty day simple moving average is $207.13 and its 200 day simple moving average is $203.74. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 1.06. The stock has a market cap of $9.90 billion, a PE ratio of 795.33, a P/E/G ratio of 0.79 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $2.66 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

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.