Chart Industries, Inc. $GTLS Shares Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC increased its stake in Chart Industries, Inc. (NYSE:GTLS) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,205 shares of the industrial products company’s stock after purchasing an additional 6,615 shares during the quarter. Chart Industries accounts for 1.1% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 20th largest position. Infrastructure Capital Advisors LLC owned approximately 0.15% of Chart Industries worth $15,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Chart Industries by 39.0% during the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock worth $3,694,000 after buying an additional 7,314 shares during the period. California Public Employees Retirement System boosted its stake in shares of Chart Industries by 7.8% during the 2nd quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after acquiring an additional 5,443 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Chart Industries by 0.7% during the 2nd quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after acquiring an additional 540 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Chart Industries by 8.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after acquiring an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Chart Industries by 55.9% in the 2nd quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock worth $22,831,000 after acquiring an additional 49,715 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $210.00.

Chart Industries Stock Performance

NYSE GTLS opened at $209.90 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96. The business has a fifty day moving average of $208.44 and a 200-day moving average of $207.70. The stock 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.

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.