New York Life Investment Management LLC Raises Stock Holdings in Chart Industries, Inc. $GTLS

New York Life Investment Management LLC grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 881.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,858 shares of the industrial products company’s stock after buying an additional 42,082 shares during the quarter. New York Life Investment Management LLC owned 0.10% of Chart Industries worth $9,379,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. United Community Bank grew its stake in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Allworth Financial LP lifted its holdings in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Chart Industries by 93.0% in 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 during the period. Geneos Wealth Management Inc. increased its stake in shares of Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Chart Industries during the 2nd quarter worth about $54,000.

Chart Industries Price Performance

NYSE:GTLS opened at $207.45 on Tuesday. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $208.24. The stock has a market cap of $9.32 billion, a PE ratio of 252.99, a P/E/G 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 has a 50 day moving average price of $206.45 and a 200 day moving average price of $201.95.

Analyst Ratings Changes

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

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.