Gabelli Funds LLC Buys 43,087 Shares of Chart Industries, Inc. $GTLS

Gabelli Funds LLC boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 25.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,111 shares of the industrial products company’s stock after purchasing an additional 43,087 shares during the period. Gabelli Funds LLC owned 0.44% of Chart Industries worth $43,854,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Chart Industries by 2.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 129,048 shares of the industrial products company’s stock worth $26,681,000 after purchasing an additional 3,014 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Chart Industries by 22.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 271,100 shares of the industrial products company’s stock valued at $56,050,000 after buying an additional 50,351 shares during the last quarter. PSquared Asset Management AG grew its stake in shares of Chart Industries by 6.1% in the first quarter. PSquared Asset Management AG now owns 117,407 shares of the industrial products company’s stock valued at $24,274,000 after buying an additional 6,753 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Chart Industries in the first quarter valued at $27,942,000. Finally, Caxton Associates LLP increased its holdings in Chart Industries by 723.7% during the first quarter. Caxton Associates LLP now owns 194,130 shares of the industrial products company’s stock worth $40,136,000 after buying an additional 170,563 shares during the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $209.90 on Friday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.96. The stock’s 50 day moving average is $208.39 and its 200-day moving average is $207.66.

Analyst Ratings Changes

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

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.