Greenland Capital Management LP Takes Position in Chart Industries, Inc. $GTLS

Greenland Capital Management LP bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,429 shares of the industrial products company’s stock, valued at approximately $1,487,000.

Other large investors also recently added to or reduced their stakes in the company. PACK Private Wealth LLC purchased a new position in shares of Chart Industries in the third quarter worth about $2,342,000. Atlantic Investment Management Inc. grew its stake in Chart Industries by 33.7% in the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock valued at $45,229,000 after buying an additional 69,300 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Chart Industries during the 2nd quarter valued at $294,000. Ethic Inc. lifted its position in shares of Chart Industries by 3.8% during the second quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 103 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Chart Industries by 881.1% in the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock worth $9,379,000 after acquiring an additional 42,082 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on GTLS. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.10.

Chart Industries Stock Up 0.0%

GTLS stock opened at $207.27 on Tuesday. The company’s 50 day moving average is $206.80 and its 200 day moving average is $202.91. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 252.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24.

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.