Goldman Sachs Group Inc. Boosts Stake in Chart Industries, Inc. $GTLS

Goldman Sachs Group Inc. raised its position in Chart Industries, Inc. (NYSE:GTLS) by 62.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,155,240 shares of the industrial products company’s stock after purchasing an additional 442,650 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Chart Industries were worth $238,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angelo Gordon & CO. L.P. purchased a new stake in Chart Industries in the 3rd quarter worth about $2,602,000. PACK Private Wealth LLC purchased a new stake in Chart Industries in the 3rd quarter worth about $2,342,000. Magnetar Financial LLC raised its position in Chart Industries by 23.3% in the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after purchasing an additional 72,078 shares during the period. M&T Bank Corp raised its position in Chart Industries by 2,212.5% in the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock worth $10,912,000 after purchasing an additional 50,623 shares during the period. Finally, Centiva Capital LP purchased a new stake in Chart Industries in the 3rd quarter worth about $12,009,000.

Chart Industries Price Performance

Shares of GTLS stock opened at $207.30 on Friday. 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 company has a market capitalization of $9.92 billion, a P/E ratio of 797.34, a P/E/G ratio of 1.22 and a beta of 1.53. The company’s 50-day simple moving average is $207.57 and its two-hundred day simple moving average is $206.78. Chart Industries, Inc. has a one year low of $140.50 and a one year high of $208.76.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Reduce” and an average target price of $201.80.

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.