Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Chart Industries, Inc. $GTLS

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 343.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,774 shares of the industrial products company’s stock after acquiring an additional 411,774 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Chart Industries were worth $109,668,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Chart Industries by 95.9% during the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares during the last quarter. Torren Management LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $30,000. MCF Advisors LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $41,000. Los Angeles Capital Management LLC purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $40,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $206.62 on Friday. 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 stock has a fifty day moving average price of $207.57 and a 200 day moving average price of $206.89. Chart Industries, Inc. has a 1-year low of $140.50 and a 1-year high of $208.76. The company has a market cap of $9.89 billion, a PE ratio of 794.72, a P/E/G ratio of 1.22 and a beta of 1.53.

Analyst Ratings Changes

GTLS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen downgraded 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target 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.