R Squared Ltd Takes $803,000 Position in Chart Industries, Inc. $GTLS

R Squared Ltd acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,886 shares of the industrial products company’s stock, valued at approximately $803,000.

Other hedge funds also recently modified their holdings of the company. Credit Industriel ET Commercial raised its stake in shares of Chart Industries by 298.6% during the first quarter. Credit Industriel ET Commercial now owns 42,348 shares of the industrial products company’s stock worth $8,755,000 after buying an additional 31,723 shares during the last quarter. Stephens Inc. AR raised its position in shares of Chart Industries by 21.7% during the 1st quarter. Stephens Inc. AR now owns 1,691 shares of the industrial products company’s stock valued at $350,000 after acquiring an additional 302 shares during the last quarter. Parrish Capital LLC lifted its stake in shares of Chart Industries by 3.1% in the 1st quarter. Parrish Capital LLC now owns 5,063 shares of the industrial products company’s stock valued at $1,047,000 after purchasing an additional 152 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Chart Industries by 21.3% in the 1st quarter. Praxis Investment Management Inc. now owns 1,431 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 251 shares during the last quarter. Finally, Chicago Capital Management LLC bought a new stake in Chart Industries in the first quarter valued at about $10,958,000.

Chart Industries Stock Up 0.2%

Shares of GTLS stock traded up $0.33 during trading on Tuesday, reaching $209.06. The company’s stock had a trading volume of 197,807 shares, compared to its average volume of 1,349,918. Chart Industries, Inc. has a one year low of $163.23 and a one year high of $209.18. The business has a fifty day moving average price of $207.77 and a 200-day moving average price of $207.30. The company has a market cap of $10.01 billion, a price-to-earnings ratio of -201.02, a price-to-earnings-growth ratio of 1.23 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $201.80.

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.