Goldman Sachs Group Inc. Purchases 442,650 Shares of Chart Industries, Inc. $GTLS

Goldman Sachs Group Inc. increased its position in Chart Industries, Inc. (NYSE:GTLS) by 62.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,155,240 shares of the industrial products company’s stock after buying an additional 442,650 shares during the period. Goldman Sachs Group Inc. owned about 2.57% of Chart Industries worth $238,245,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GTLS. Norges Bank bought a new position in Chart Industries in the 4th quarter worth $237,827,000. Balyasny Asset Management L.P. lifted its stake 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 worth $203,919,000 after purchasing an additional 975,501 shares in the last quarter. Millennium Management LLC lifted its stake 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 worth $162,895,000 after purchasing an additional 561,622 shares in the last quarter. UBS Group AG lifted its stake 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 worth $243,550,000 after purchasing an additional 513,195 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Chart Industries in the 3rd quarter worth $92,938,000.

Chart Industries Stock Down 0.1%

Shares of NYSE GTLS opened at $207.30 on Friday. The firm’s 50-day moving average price is $207.57 and its 200-day moving average price is $206.78. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 797.34, a P/E/G ratio of 1.22 and a beta of 1.53. Chart Industries, Inc. has a 12-month low of $140.50 and a 12-month high of $208.76.

Analyst Ratings Changes

Several analysts have commented on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 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, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price 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.