1,000 Shares in Chart Industries, Inc. (NYSE:GTLS) Bought by EMC Capital Management

EMC Capital Management bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the industrial products company’s stock, valued at approximately $166,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its position in Chart Industries by 3.5% during the first quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 70 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Chart Industries by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,001 shares of the industrial products company’s stock valued at $1,004,000 after purchasing an additional 71 shares in the last quarter. First Republic Investment Management Inc. lifted its position in Chart Industries by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 75 shares in the last quarter. Natixis Advisors L.P. lifted its position in Chart Industries by 0.4% during the first quarter. Natixis Advisors L.P. now owns 17,920 shares of the industrial products company’s stock valued at $3,078,000 after purchasing an additional 77 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in Chart Industries by 1.4% during the second quarter. Sumitomo Life Insurance Co. now owns 5,991 shares of the industrial products company’s stock valued at $1,003,000 after purchasing an additional 85 shares in the last quarter.

Chart Industries Price Performance

Shares of GTLS stock traded down $0.89 during trading hours on Thursday, hitting $131.67. The stock had a trading volume of 611,104 shares, compared to its average volume of 1,188,439. The stock’s 50-day moving average price is $189.31 and its two-hundred day moving average price is $185.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.23 and a quick ratio of 0.76. Chart Industries, Inc. has a one year low of $108.29 and a one year high of $242.59. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 71.95 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler downgraded Chart Industries from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $228.00 to $133.00 in a research report on Friday, November 18th. Jefferies Financial Group lowered their price objective on Chart Industries from $250.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Benchmark boosted their price objective on Chart Industries to $245.00 in a research report on Tuesday, November 1st. BTIG Research lowered their price objective on Chart Industries to $200.00 in a research report on Tuesday, November 15th. Finally, Wells Fargo & Company downgraded Chart Industries from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $248.00 to $148.00 in a research report on Monday, November 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.21.

Chart Industries Profile

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

See Also

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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