Groupe la Francaise Acquires 32,620 Shares of Chart Industries, Inc. $GTLS

Groupe la Francaise grew its holdings in Chart Industries, Inc. (NYSE:GTLS) by 132.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,289 shares of the industrial products company’s stock after acquiring an additional 32,620 shares during the quarter. Groupe la Francaise owned 0.12% of Chart Industries worth $11,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GTLS. Bank of America Corp DE raised its stake in Chart Industries by 7.8% during the 1st quarter. Bank of America Corp DE now owns 333,945 shares of the industrial products company’s stock valued at $69,043,000 after purchasing an additional 24,049 shares during the last quarter. Janus Henderson Group PLC grew its position in Chart Industries by 4.4% in the 1st quarter. Janus Henderson Group PLC now owns 58,920 shares of the industrial products company’s stock worth $12,182,000 after purchasing an additional 2,500 shares during the last quarter. Oddo BHF Asset Management Sas grew its position in Chart Industries by 1,839.6% in the 1st quarter. Oddo BHF Asset Management Sas now owns 95,000 shares of the industrial products company’s stock worth $19,641,000 after purchasing an additional 90,102 shares during the last quarter. Amundi increased its holdings in shares of Chart Industries by 88.9% during the 1st quarter. Amundi now owns 4,387 shares of the industrial products company’s stock worth $907,000 after purchasing an additional 2,065 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Chart Industries by 23.7% during the first quarter. California State Teachers Retirement System now owns 52,806 shares of the industrial products company’s stock valued at $10,918,000 after buying an additional 10,101 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GTLS. 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. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Chart Industries presently has a consensus rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Price Performance

NYSE:GTLS opened at $209.90 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The company has a 50-day moving average of $208.58 and a 200-day moving average of $207.76. Chart Industries, Inc. has a 52 week low of $163.23 and a 52 week high of $209.96. 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.

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.