Chicago Capital Management LLC Purchases New Position in Chart Industries, Inc. $GTLS

Chicago Capital Management LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 53,000 shares of the industrial products company’s stock, valued at approximately $10,958,000. Chart Industries makes up 0.0% of Chicago Capital Management LLC’s holdings, making the stock its 18th largest holding. Chicago Capital Management LLC owned 0.11% of Chart Industries as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GTLS. Norges Bank bought a new position in shares of Chart Industries in the fourth quarter valued at approximately $237,827,000. Balyasny Asset Management L.P. grew its position in Chart Industries by 2,251.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after acquiring an additional 975,501 shares during the last quarter. Millennium Management LLC grew its position in Chart Industries by 94.9% during the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock worth $327,202,000 after acquiring an additional 772,723 shares during the last quarter. UBS Group AG increased 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 valued at $243,550,000 after purchasing an additional 513,195 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Chart Industries during the 3rd quarter valued at $92,938,000.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $208.77 on Friday. The firm has a fifty day moving average of $207.75 and a two-hundred day moving average of $207.27. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of -200.74, a PEG ratio of 1.23 and a beta of 1.53. Chart Industries, Inc. has a 52 week low of $162.00 and a 52 week high of $209.18. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Chart Industries currently has an average rating of “Reduce” and an average target price of $201.80.

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.