Magnetar Financial LLC Has $76.47 Million Stock Position in Chart Industries, Inc. $GTLS

Magnetar Financial LLC lifted its stake in Chart Industries, Inc. (NYSE:GTLS) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,078 shares of the industrial products company’s stock after purchasing an additional 72,078 shares during the period. Chart Industries accounts for approximately 0.5% of Magnetar Financial LLC’s holdings, making the stock its 15th largest holding. Magnetar Financial LLC owned about 0.85% of Chart Industries worth $76,473,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP lifted its stake in Chart Industries by 74.5% in the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after buying an additional 70 shares during the period. United Community Bank grew its position in shares of Chart Industries by 364.5% during the 3rd quarter. United Community Bank now owns 144 shares of the industrial products company’s stock worth $29,000 after buying an additional 113 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Chart Industries by 95.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Chart Industries by 243.3% in the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Chart Industries by 44.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 100 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Hold” and a consensus target price of $204.10.

Chart Industries Stock Down 0.2%

Shares of Chart Industries stock opened at $206.78 on Wednesday. The company has a market capitalization of $9.90 billion, a P/E ratio of 795.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.73. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. The business has a 50-day moving average of $207.09 and a two-hundred day moving average of $203.60. Chart Industries, Inc. has a 1 year low of $104.60 and a 1 year high of $208.24.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $2.66 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.