Atom Investors LP Makes New $4.75 Million Investment in Chart Industries, Inc. $GTLS

Atom Investors LP bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,019 shares of the industrial products company’s stock, valued at approximately $4,747,000. Atom Investors LP owned approximately 0.05% of Chart Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GTLS. AQR Capital Management LLC boosted its holdings in Chart Industries by 39.0% in the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after purchasing an additional 7,314 shares during the period. California Public Employees Retirement System grew its position in shares of Chart Industries by 7.8% during the 2nd quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after purchasing an additional 5,443 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Chart Industries by 0.7% during the second quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after purchasing an additional 540 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Chart Industries by 8.6% during the second quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after purchasing an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Chart Industries by 55.9% during the second quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after purchasing an additional 49,715 shares during the period.

Wall Street Analysts Forecast Growth

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

Chart Industries Stock Performance

GTLS opened at $207.30 on Wednesday. The firm has a market cap of $9.92 billion, a P/E ratio of 797.35, a price-to-earnings-growth 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 debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The business’s fifty day moving average is $207.57 and its 200-day moving average is $206.96.

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.