Chart Industries, Inc. $GTLS Stake Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 33.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,200 shares of the industrial products company’s stock after selling 15,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Chart Industries were worth $6,244,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GTLS. HighTower Advisors LLC boosted its holdings in shares of Chart Industries by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock worth $1,692,000 after buying an additional 50 shares during the period. Stephens Inc. AR raised its holdings in shares of Chart Industries by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 51 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Chart Industries by 3.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,518 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 56 shares during the period. Lifestyle Asset Management Inc. lifted its position in shares of Chart Industries by 2.6% in the 4th quarter. Lifestyle Asset Management Inc. now owns 2,314 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 59 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Chart Industries by 3.8% in the 4th quarter. Inspire Investing LLC now owns 1,598 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 59 shares in the last quarter.

Chart Industries Stock Performance

GTLS stock opened at $209.90 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.96. The firm has a 50 day moving average of $208.70 and a two-hundred day moving average of $207.83.

Analysts Set New Price Targets

Several equities analysts have weighed in on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Wall Street Zen upgraded Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Reduce” and a consensus target price of $210.00.

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.