Credit Industriel ET Commercial Takes $1.60 Million Position in Chart Industries, Inc. $GTLS

Credit Industriel ET Commercial purchased a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,000 shares of the industrial products company’s stock, valued at approximately $1,601,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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. United Community Bank boosted its holdings in Chart Industries by 364.5% in the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the last quarter. Bessemer Group Inc. raised its holdings 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 valued at $32,000 after acquiring an additional 93 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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. acquired a new stake in shares of Chart Industries in the third quarter worth approximately $93,000.

Chart Industries Price Performance

GTLS opened at $206.86 on Monday. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 252.27, a PEG 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 stock’s 50-day moving average price is $206.61 and its 200 day moving average price is $202.56. Chart Industries, Inc. has a 12-month low of $104.60 and a 12-month high of $208.24.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GTLS shares. JPMorgan Chase & Co. increased their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $204.10.

Chart Industries 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.