WINTON GROUP Ltd Purchases New Stake in Chart Industries, Inc. $GTLS

WINTON GROUP Ltd acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 69,144 shares of the industrial products company’s stock, valued at approximately $13,839,000. WINTON GROUP Ltd owned 0.15% of Chart Industries as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GTLS. Dimensional Fund Advisors LP raised its stake in shares of Chart Industries by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after acquiring an additional 8,697 shares during the period. Geode Capital Management LLC boosted its position in Chart Industries by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock worth $178,804,000 after purchasing an additional 65,078 shares during the period. Norges Bank acquired a new stake in Chart Industries in the 2nd quarter valued at $92,901,000. Charles Schwab Investment Management Inc. increased its holdings in Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock valued at $92,036,000 after purchasing an additional 22,556 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its position in Chart Industries by 590.3% in the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after purchasing an additional 435,359 shares during the period.

Chart Industries Price Performance

GTLS opened at $207.23 on Monday. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $208.24. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 797.07, a PEG ratio of 0.79 and a beta of 1.73. The company has a fifty day simple moving average of $207.06 and a 200 day simple moving average of $203.47.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.66 earnings per share. Equities research analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on GTLS shares. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $204.10.

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.