Hsbc Holdings PLC Buys 10,219 Shares of Chart Industries, Inc. $GTLS

Hsbc Holdings PLC boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,198 shares of the industrial products company’s stock after buying an additional 10,219 shares during the quarter. Hsbc Holdings PLC owned approximately 0.19% of Chart Industries worth $19,009,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Chart Industries during the fourth quarter worth $237,827,000. Balyasny Asset Management L.P. boosted 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 during the last quarter. Millennium Management LLC increased its position in Chart Industries by 94.9% in the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after purchasing an additional 772,723 shares during the period. UBS Group AG raised its holdings in Chart Industries by 76.9% during the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after purchasing an additional 513,195 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Chart Industries during the 3rd quarter worth about $92,938,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Chart Industries has an average rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Trading Down 0.0%

NYSE GTLS opened at $208.74 on Thursday. Chart Industries, Inc. has a 12 month low of $148.43 and a 12 month high of $209.13. The stock has a 50-day simple moving average of $207.64 and a 200 day simple moving average of $207.12. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $9.99 billion, a PE ratio of 802.86, a P/E/G ratio of 1.23 and a beta of 1.53.

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.