Millennium Management LLC Buys 772,723 Shares of Chart Industries, Inc. $GTLS

Millennium Management LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 94.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,586,588 shares of the industrial products company’s stock after purchasing an additional 772,723 shares during the period. Millennium Management LLC owned approximately 3.53% of Chart Industries worth $327,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Torren Management LLC bought a new position in Chart Industries during the fourth quarter valued at approximately $30,000. Los Angeles Capital Management LLC bought a new position in Chart Industries during the fourth quarter valued at approximately $40,000. MCF Advisors LLC bought a new position in Chart Industries during the fourth quarter valued at approximately $41,000. Finally, Clearstead Advisors LLC grew its position in Chart Industries by 243.3% during the third quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter.

Chart Industries Stock Performance

NYSE:GTLS opened at $206.93 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. The firm has a market cap of $9.91 billion, a PE ratio of 795.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The business has a 50 day moving average price of $207.56 and a 200-day moving average price of $206.98.

Wall Street Analyst Weigh In

A number of brokerages have commented on GTLS. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus 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.