Lighthouse Investment Partners LLC Boosts Stock Position in Chart Industries, Inc. $GTLS

Lighthouse Investment Partners LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 11.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,958 shares of the industrial products company’s stock after buying an additional 3,560 shares during the period. Lighthouse Investment Partners LLC’s holdings in Chart Industries were worth $6,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capula Management Ltd acquired a new stake in Chart Industries in the 3rd quarter valued at $7,005,000. Centiva Capital LP acquired a new position in Chart Industries during the third quarter worth $12,009,000. California Public Employees Retirement System raised its position in Chart Industries by 13.2% during the third quarter. California Public Employees Retirement System now owns 85,641 shares of the industrial products company’s stock worth $17,141,000 after acquiring an additional 9,996 shares during the period. Algert Global LLC purchased a new position in Chart Industries during the third quarter valued at $2,160,000. Finally, Alliancebernstein L.P. grew its position in shares of Chart Industries by 219.3% in the third quarter. Alliancebernstein L.P. now owns 442,701 shares of the industrial products company’s stock valued at $88,607,000 after purchasing an additional 304,038 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Hold” and an average target price of $204.10.

Chart Industries Trading Up 0.0%

Shares of Chart Industries stock opened at $206.90 on Tuesday. The stock has a market cap of $9.90 billion, a P/E ratio of 795.80, a P/E/G ratio of 0.79 and a beta of 1.73. The stock’s 50 day simple moving average is $207.14 and its 200-day simple moving average is $203.84. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $208.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $2.66 EPS. Chart Industries’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.