Gamco Investors INC. ET AL Raises Holdings in Chart Industries, Inc. $GTLS

Gamco Investors INC. ET AL increased its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 22.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,100 shares of the industrial products company’s stock after purchasing an additional 50,351 shares during the period. Gamco Investors INC. ET AL owned 0.57% of Chart Industries worth $56,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Chart Industries during the 4th quarter valued at $237,827,000. Balyasny Asset Management L.P. raised its holdings in shares of Chart Industries by 2,251.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after acquiring an additional 975,501 shares during the last quarter. Millennium Management LLC lifted its position in shares of Chart Industries by 94.9% in the fourth quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after acquiring an additional 772,723 shares in the last quarter. UBS Group AG lifted its position in shares of Chart Industries by 76.9% in the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after acquiring an additional 513,195 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Chart Industries in the third quarter valued at $92,938,000.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Friday. The stock has a market capitalization 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 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 52-week low of $163.23 and a 52-week high of $209.96. The stock’s fifty day simple moving average is $208.39 and its 200-day simple moving average is $207.66.

Analysts Set New Price Targets

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

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.