R Squared Ltd Takes Position in Chart Industries, Inc. $GTLS

R Squared Ltd purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,886 shares of the industrial products company’s stock, valued at approximately $803,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC raised its holdings in Chart Industries by 94.9% during the fourth 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 in the last quarter. FIL Ltd boosted its stake in shares of Chart Industries by 7.2% during the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after acquiring an additional 88,000 shares in the last quarter. UBS Group AG increased its holdings in shares of Chart Industries by 76.9% during 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 acquiring an additional 513,195 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Chart Industries by 62.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after purchasing an additional 442,650 shares during the last quarter. Finally, Norges Bank bought a new stake in Chart Industries during the fourth quarter worth approximately $237,827,000.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $0.33 during midday trading on Tuesday, reaching $209.06. The company’s stock had a trading volume of 197,807 shares, compared to its average volume of 1,349,918. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.18. The company has a market capitalization of $10.01 billion, a P/E ratio of -201.02, a P/E/G ratio of 1.23 and a beta of 1.53. 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 business’s fifty day simple moving average is $207.77 and its 200-day simple moving average is $207.30.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Finally, Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Eleven 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, the company has an average rating of “Reduce” and an average price target of $201.80.

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.