Slotnik Capital LLC Purchases Shares of 104,780 Chart Industries, Inc. $GTLS

Slotnik Capital LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 104,780 shares of the industrial products company’s stock, valued at approximately $21,609,000. Chart Industries comprises 5.0% of Slotnik Capital LLC’s investment portfolio, making the stock its 6th biggest position. Slotnik Capital LLC owned about 0.23% of Chart Industries at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Chart Industries by 95.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC acquired a new position in Chart Industries in the 4th quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Chart Industries in the 4th quarter worth about $40,000. MCF Advisors LLC bought a new stake in shares of Chart Industries in the 4th quarter worth about $41,000. Finally, Clearstead Advisors LLC increased its position in shares of Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Wall Street Zen cut shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $201.80.

Chart Industries Stock Down 0.1%

GTLS stock opened at $206.54 on Tuesday. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.76. The company’s 50 day simple moving average is $207.56 and its 200-day simple moving average is $206.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The firm has a market capitalization of $9.89 billion, a P/E ratio of 794.41, a P/E/G ratio of 1.22 and a beta of 1.53.

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.