Rice Hall James & Associates LLC Makes New Investment in Chart Industries, Inc. $GTLS

Rice Hall James & Associates LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 37,604 shares of the industrial products company’s stock, valued at approximately $7,857,000. Rice Hall James & Associates LLC owned approximately 0.08% of Chart Industries at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GTLS. Norges Bank acquired a new position in Chart Industries in the fourth quarter valued at about $237,827,000. Balyasny Asset Management L.P. grew its stake in Chart Industries by 2,251.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after buying an additional 975,501 shares in the last quarter. Millennium Management LLC increased its holdings in Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after buying an additional 772,723 shares during the period. Kryger Capital LLC bought a new position in Chart Industries in the 1st quarter valued at about $113,737,000. Finally, UBS Group AG raised its position in shares of Chart Industries by 76.9% in the 4th quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock valued at $243,550,000 after buying an additional 513,195 shares in the last quarter.

Analyst Ratings Changes

GTLS has been the topic of several analyst reports. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Chart Industries presently has an average rating of “Reduce” and an average price target of $210.00.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Tuesday. The firm has a 50-day moving average price of $209.11 and a 200-day moving average price of $207.99. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.96. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a price-to-earnings-growth ratio of 1.24 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.