Fifth Third Bancorp Boosts Stock Position in Chart Industries, Inc. $GTLS

Fifth Third Bancorp increased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 1,390.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,837 shares of the industrial products company’s stock after purchasing an additional 10,110 shares during the period. Fifth Third Bancorp’s holdings in Chart Industries were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GTLS. Torren Management LLC purchased a new stake in shares of Chart Industries during the 4th quarter valued at about $30,000. MCF Advisors LLC purchased a new position in Chart Industries in the fourth quarter worth about $41,000. Los Angeles Capital Management LLC bought a new stake in Chart Industries during the fourth quarter worth approximately $40,000. Smartleaf Asset Management LLC increased its stake in Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in Chart Industries by 35.7% during the fourth quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 82 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Ten research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Stock Performance

Shares of NYSE:GTLS opened at $209.90 on Wednesday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.96. The firm’s 50-day moving average is $208.23 and its 200 day moving average is $207.59. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15.

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.