Chart Industries, Inc. $GTLS Stake Raised by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 173.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 397,235 shares of the industrial products company’s stock after buying an additional 252,035 shares during the period. Squarepoint Ops LLC’s holdings in Chart Industries were worth $81,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its position in Chart Industries by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,729 shares of the industrial products company’s stock valued at $769,000 after acquiring an additional 78 shares during the period. Verition Fund Management LLC boosted its position in Chart Industries by 21.6% during the 4th quarter. Verition Fund Management LLC now owns 247,537 shares of the industrial products company’s stock worth $51,050,000 after acquiring an additional 43,951 shares during the period. Maven Securities LTD acquired a new position in Chart Industries during the 4th quarter worth $6,738,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Chart Industries by 343.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 531,774 shares of the industrial products company’s stock worth $109,668,000 after purchasing an additional 411,774 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Chart Industries by 46.5% during the fourth quarter. Marshall Wace LLP now owns 129,168 shares of the industrial products company’s stock valued at $26,638,000 after purchasing an additional 40,984 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GTLS. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $201.80.

Chart Industries Stock Down 0.1%

GTLS stock opened at $206.54 on Tuesday. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.76. The firm has a market cap of $9.89 billion, a PE ratio of 794.41, a P/E/G ratio of 1.22 and a beta of 1.53. The firm has a 50 day simple moving average of $207.56 and a 200 day simple moving average of $206.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

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.