Verition Fund Management LLC Boosts Holdings in Chart Industries, Inc. $GTLS

Verition Fund Management LLC boosted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,537 shares of the industrial products company’s stock after buying an additional 43,951 shares during the quarter. Verition Fund Management LLC owned 0.55% of Chart Industries worth $51,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GTLS. AQR Capital Management LLC boosted its stake in shares of Chart Industries by 39.0% during the first 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 boosted its stake in shares of Chart Industries by 7.8% during the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock valued at $12,455,000 after purchasing an additional 5,443 shares during the period. Sei Investments Co. boosted its stake 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 valued at $12,697,000 after purchasing an additional 540 shares during the period. The Manufacturers Life Insurance Company boosted its stake 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 valued at $8,626,000 after purchasing an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. boosted its stake 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 valued at $22,831,000 after purchasing an additional 49,715 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GTLS. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Eleven equities research 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.com, the stock currently has an average rating of “Reduce” and an average target price of $201.80.

Chart Industries Stock Down 0.1%

NYSE:GTLS opened at $206.62 on Monday. Chart Industries, Inc. has a 1-year low of $140.50 and a 1-year high of $208.76. The company has a 50-day moving average of $207.57 and a 200 day moving average of $206.91. The firm has a market cap of $9.89 billion, a PE ratio of 794.72, a price-to-earnings-growth ratio of 1.22 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.

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.