Rice Hall James & Associates LLC Buys Shares of 37,604 Chart Industries, Inc. $GTLS

Rice Hall James & Associates LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the second quarter, Holdings Channel reports. The fund purchased 37,604 shares of the industrial products company’s stock, valued at approximately $7,857,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GTLS. HighTower Advisors LLC increased its stake in shares of Chart Industries by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after buying an additional 50 shares during the period. Stephens Inc. AR boosted its position in Chart Industries by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock worth $286,000 after buying an additional 51 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in Chart Industries by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock worth $314,000 after buying an additional 56 shares during the period. Crumly & Associates Inc. grew its holdings in Chart Industries by 2.0% during the 2nd quarter. Crumly & Associates Inc. now owns 2,852 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 57 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its holdings in Chart Industries by 2.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 59 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on GTLS shares. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $210.00.

Chart Industries Price Performance

Chart Industries stock opened at $209.90 on Tuesday. The stock’s 50 day moving average is $209.11 and its 200 day moving average is $207.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market cap of $10.05 billion, a P/E ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a one year low of $163.23 and a one year high of $209.96.

Chart Industries 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.