Chart Industries, Inc. $GTLS Shares Bought by Carmignac Gestion

Carmignac Gestion lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 48.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,944 shares of the industrial products company’s stock after buying an additional 27,102 shares during the period. Carmignac Gestion owned 0.17% of Chart Industries worth $17,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GTLS. Torren Management LLC acquired a new position in Chart Industries in the fourth quarter valued at approximately $30,000. MCF Advisors LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth approximately $41,000. Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC lifted its holdings in shares of Chart Industries by 44.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Chart Industries by 35.7% in the 4th quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 82 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS opened at $209.90 on Monday. The firm has a 50-day moving average price of $208.62 and a 200 day moving average price of $207.79. The firm has a market capitalization of $10.05 billion, a PE ratio of -201.82, a P/E/G 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.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $210.00.

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.