Alberta Investment Management Corp Buys Shares of 133,900 Chart Industries, Inc. $GTLS

Alberta Investment Management Corp bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, Holdings Channel reports. The institutional investor bought 133,900 shares of the industrial products company’s stock, valued at approximately $27,614,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTLS. Angelo Gordon & CO. L.P. bought a new stake in shares of Chart Industries during the third quarter valued at about $2,602,000. Magnetar Financial LLC lifted 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 worth $76,473,000 after buying an additional 72,078 shares in the last quarter. M&T Bank Corp boosted its position in shares of Chart Industries by 2,212.5% in the fourth quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after acquiring an additional 50,623 shares during the period. Centiva Capital LP bought a new position in shares of Chart Industries in the third quarter valued at approximately $12,009,000. Finally, Hudson Bay Capital Management LP grew its stake in Chart Industries by 4,646.6% during the third quarter. Hudson Bay Capital Management LP now owns 330,360 shares of the industrial products company’s stock valued at $66,122,000 after acquiring an additional 323,400 shares in the last quarter.

Chart Industries Stock Up 0.4%

GTLS stock opened at $207.75 on Friday. The company’s 50 day moving average is $207.57 and its 200 day moving average is $207.01. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 799.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a 1-year low of $140.50 and a 1-year high of $208.76.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTLS. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $201.80.

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.