Swiss National Bank Purchases 5,900 Shares of Chart Industries, Inc. $GTLS

Swiss National Bank lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 6.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,600 shares of the industrial products company’s stock after buying an additional 5,900 shares during the quarter. Swiss National Bank owned about 0.20% of Chart Industries worth $19,559,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its position in shares of Chart Industries by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after buying an additional 50 shares in the last quarter. Stephens Inc. AR raised its position in shares of Chart Industries by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 51 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Chart Industries by 3.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 56 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Chart Industries by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 59 shares in the last quarter. Finally, Lifestyle Asset Management Inc. increased its stake in Chart Industries by 2.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after purchasing an additional 59 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Ten analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $209.90 on Friday. Chart Industries, Inc. has a 52-week low of $163.23 and a 52-week high of $209.96. 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 stock has a 50 day moving average price of $208.39 and a 200-day moving average price of $207.66. The firm has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53.

Chart Industries 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.