14,000 Shares in Chart Industries, Inc. $GTLS Purchased by Alpine Global Management LLC

Alpine Global Management LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,000 shares of the industrial products company’s stock, valued at approximately $2,802,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTLS. PACK Private Wealth LLC purchased a new stake in Chart Industries during the third quarter worth approximately $2,342,000. Atlantic Investment Management Inc. boosted its stake in Chart Industries by 33.7% during the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after purchasing an additional 69,300 shares during the period. Angelo Gordon & CO. L.P. acquired a new position in Chart Industries in the 3rd quarter valued at about $2,602,000. Magnetar Financial LLC increased its holdings in shares of Chart Industries by 23.3% in the third quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock valued at $76,473,000 after purchasing an additional 72,078 shares during the period. Finally, New York Life Investment Management LLC increased its stake in Chart Industries by 881.1% in the 3rd quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock valued at $9,379,000 after buying an additional 42,082 shares during the period.

Chart Industries Trading Up 0.1%

NYSE:GTLS opened at $207.21 on Wednesday. The stock has a market cap of $9.92 billion, a PE ratio of 797.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The stock’s 50-day moving average is $207.16 and its two-hundred day moving average is $203.90. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GTLS shares. Zacks Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Hold” and an average price target of $204.10.

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.