Chart Industries, Inc. $GTLS Position Increased by PSquared Asset Management AG

PSquared Asset Management AG raised its position in Chart Industries, Inc. (NYSE:GTLS) by 6.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 117,407 shares of the industrial products company’s stock after purchasing an additional 6,753 shares during the period. Chart Industries comprises approximately 8.4% of PSquared Asset Management AG’s portfolio, making the stock its 6th biggest holding. PSquared Asset Management AG owned 0.25% of Chart Industries worth $24,274,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GTLS. Torren Management LLC purchased a new stake in shares of Chart Industries in the 4th quarter worth about $30,000. Los Angeles Capital Management LLC purchased a new position in Chart Industries during the 4th quarter valued at about $40,000. MCF Advisors LLC purchased a new position in Chart Industries during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC raised its position in 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. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the topic of several research reports. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Ten 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 currently has a consensus rating of “Reduce” and a consensus target price of $210.00.

Chart Industries Price Performance

NYSE:GTLS opened at $209.90 on Friday. Chart Industries, Inc. has a 12-month low of $163.23 and a 12-month high of $209.96. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company’s 50-day moving average is $208.33 and its two-hundred day moving average is $207.65. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15.

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.