Muhlenkamp & Co. Inc. Invests $1.59 Million in Chart Industries, Inc. $GTLS

Muhlenkamp & Co. Inc. acquired a new position in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,924 shares of the industrial products company’s stock, valued at approximately $1,586,000. Chart Industries comprises 0.4% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Chart Industries by 74.5% in the 2nd quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Savant Capital LLC grew its position in Chart Industries by 2.0% in the third quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 70 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Chart Industries by 1.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 4,325 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 73 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in Chart Industries by 14.1% during the second quarter. Itau Unibanco Holding S.A. now owns 641 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 79 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in Chart Industries by 93.0% during the second quarter. Bessemer Group Inc. now owns 193 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $204.10.

Chart Industries Price Performance

GTLS opened at $207.35 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $206.72 and its 200 day simple moving average is $202.71. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 252.87, a PEG ratio of 0.79 and a beta of 1.75. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24.

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.