Slotnik Capital LLC Acquires Shares of 104,780 Chart Industries, Inc. $GTLS

Slotnik Capital LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 104,780 shares of the industrial products company’s stock, valued at approximately $21,609,000. Chart Industries accounts for 5.0% of Slotnik Capital LLC’s holdings, making the stock its 6th biggest holding.

Several other hedge funds also recently modified their holdings of GTLS. Norges Bank acquired a new position in shares of Chart Industries during the 4th quarter worth $237,827,000. Balyasny Asset Management L.P. boosted its holdings in Chart Industries by 2,251.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after purchasing an additional 975,501 shares during the period. Millennium Management LLC boosted its holdings in Chart Industries by 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after purchasing an additional 561,622 shares during the period. UBS Group AG boosted its holdings in Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after purchasing an additional 513,195 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in Chart Industries in the 3rd quarter valued at $92,938,000.

Chart Industries Stock Down 0.1%

Chart Industries stock opened at $206.54 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. The company’s 50 day simple moving average is $207.56 and its 200 day simple moving average is $206.93. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 794.41, a PEG ratio of 1.22 and a beta of 1.53.

Analyst Upgrades and Downgrades

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

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.