BCK Capital Management LP Invests $4.13 Million in Chart Industries, Inc. $GTLS

BCK Capital Management LP bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,628 shares of the industrial products company’s stock, valued at approximately $4,129,000. Chart Industries makes up approximately 4.4% of BCK Capital Management LP’s investment portfolio, making the stock its 3rd largest holding.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the period. Savant Capital LLC increased its stake in shares of Chart Industries by 2.0% in the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock valued at $717,000 after acquiring an additional 70 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Chart Industries by 1.7% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 73 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Chart Industries by 14.1% during the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 79 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter.

Chart Industries Price Performance

GTLS opened at $207.18 on Friday. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 252.67, a P/E/G ratio of 0.79 and a beta of 1.75. The firm’s fifty day moving average price is $206.77 and its two-hundred day moving average price is $202.80.

Analyst Ratings Changes

GTLS has been the subject of several research analyst reports. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.