Alberta Investment Management Corp Buys New Holdings in Chart Industries, Inc. $GTLS

Alberta Investment Management Corp bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 133,900 shares of the industrial products company’s stock, valued at approximately $27,614,000. Alberta Investment Management Corp owned approximately 0.30% of Chart Industries as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GTLS. Norges Bank acquired a new stake in Chart Industries in the fourth quarter valued at approximately $237,827,000. Balyasny Asset Management L.P. raised its holdings in Chart Industries by 2,251.3% in 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 acquiring an additional 975,501 shares in the last quarter. Millennium Management LLC increased its stake in Chart Industries by 222.7% in the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after purchasing an additional 561,622 shares during the last quarter. UBS Group AG increased its stake in Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Chart Industries in the third quarter valued at approximately $92,938,000.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $206.54 on Tuesday. The firm has a market capitalization of $9.89 billion, a P/E ratio of 794.41, a P/E/G ratio of 1.22 and a beta of 1.53. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $207.56 and its two-hundred day moving average is $206.93.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several recent analyst reports. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $201.80.

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.