Geode Capital Management LLC Increases Stock Position in Chart Industries, Inc. $GTLS

Geode Capital Management LLC grew its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,087,251 shares of the industrial products company’s stock after acquiring an additional 3,570 shares during the quarter. Geode Capital Management LLC owned about 2.42% of Chart Industries worth $224,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTLS. United Community Bank boosted its holdings in shares of Chart Industries by 364.5% in the third quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. Torren Management LLC purchased a new position in shares of Chart Industries in the fourth quarter worth approximately $30,000. Clearstead Advisors LLC boosted its holdings in shares of Chart Industries by 243.3% in the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock worth $53,000 after buying an additional 100 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Chart Industries Stock Performance

GTLS opened at $208.20 on Wednesday. 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 cap of $9.97 billion, a price-to-earnings ratio of 800.81, a PEG ratio of 1.22 and a beta of 1.53. The company’s 50 day moving average is $207.53 and its 200 day moving average is $206.69. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.76.

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.