Credit Industriel ET Commercial Buys 31,723 Shares of Chart Industries, Inc. $GTLS

Credit Industriel ET Commercial grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 298.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,348 shares of the industrial products company’s stock after purchasing an additional 31,723 shares during the quarter. Chart Industries makes up about 0.7% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 15th largest position. Credit Industriel ET Commercial owned 0.09% of Chart Industries worth $8,755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GTLS. Angelo Gordon & CO. L.P. bought a new stake in shares of Chart Industries in the 3rd quarter worth approximately $2,602,000. Magnetar Financial LLC grew its holdings in shares of Chart Industries by 23.3% during the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock valued at $76,473,000 after purchasing an additional 72,078 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Chart Industries by 2,212.5% during the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after purchasing an additional 50,623 shares during the last quarter. Centiva Capital LP purchased a new position in Chart Industries in the 3rd quarter worth $12,009,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Chart Industries by 254.3% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 145,401 shares of the industrial products company’s stock worth $29,102,000 after purchasing an additional 104,358 shares during the last quarter.

Chart Industries Stock Up 0.1%

GTLS stock opened at $208.98 on Tuesday. The stock has a market capitalization of $10.00 billion, a P/E ratio of -200.81, a P/E/G ratio of 1.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The business has a fifty day moving average price of $207.77 and a 200-day moving average price of $207.30. Chart Industries, Inc. has a 1-year low of $162.00 and a 1-year high of $209.18.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GTLS shares. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $201.80.

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.