Chart Industries, Inc. $GTLS Stock Holdings Boosted by Carmignac Gestion

Carmignac Gestion grew its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 48.5% during the 1st quarter, Holdings Channel reports. The firm owned 82,944 shares of the industrial products company’s stock after purchasing an additional 27,102 shares during the period. Carmignac Gestion’s holdings in Chart Industries were worth $17,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Torren Management LLC acquired a new stake in shares of Chart Industries in the fourth quarter valued at $30,000. MCF Advisors LLC acquired a new position in Chart Industries during the fourth quarter worth about $41,000. Los Angeles Capital Management LLC acquired a new position in Chart Industries during the fourth quarter worth about $40,000. Smartleaf Asset Management LLC raised its position in Chart Industries by 44.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 69 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in Chart Industries by 35.7% in the fourth quarter. Clearstead Advisors LLC now owns 312 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 82 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Zacks Research downgraded shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $210.00.

Chart Industries Price Performance

GTLS stock opened at $209.90 on Monday. 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 firm has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a 52-week low of $163.23 and a 52-week high of $209.96. The company’s 50 day simple moving average is $208.62 and its 200-day simple moving average is $207.79.

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.