Geode Capital Management LLC Raises Stock Position in Chart Industries, Inc. $GTLS

Geode Capital Management LLC boosted its holdings in Chart Industries, Inc. (NYSE:GTLS) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,087,251 shares of the industrial products company’s stock after purchasing an additional 3,570 shares during the quarter. Geode Capital Management LLC’s holdings in Chart Industries were worth $224,259,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Angelo Gordon & CO. L.P. purchased a new stake in Chart Industries in the 3rd quarter worth $2,602,000. PACK Private Wealth LLC purchased a new stake in Chart Industries in the 3rd quarter worth $2,342,000. Magnetar Financial LLC increased its stake in Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after buying an additional 72,078 shares in the last quarter. M&T Bank Corp increased its stake in Chart Industries by 2,212.5% in the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock worth $10,912,000 after buying an additional 50,623 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in Chart Industries in the 3rd quarter worth $12,009,000.

Chart Industries Price Performance

GTLS stock opened at $208.20 on Wednesday. Chart Industries, Inc. has a one year low of $140.50 and a one year high of $208.76. The company’s fifty day moving average price is $207.53 and its 200-day moving average price is $206.69. 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 company has a market capitalization of $9.97 billion, a PE ratio of 800.81, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GTLS. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Reduce” and an average 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.