CenterBook Partners LP Buys 3,231 Shares of Chart Industries, Inc. $GTLS

CenterBook Partners LP grew its stake in Chart Industries, Inc. (NYSE:GTLS) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,220 shares of the industrial products company’s stock after buying an additional 3,231 shares during the period. CenterBook Partners LP’s holdings in Chart Industries were worth $2,314,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Chart Industries by 95.9% in the third quarter. EverSource Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 71 shares in the last quarter. Torren Management LLC bought a new stake in Chart Industries during the fourth quarter worth about $30,000. MCF Advisors LLC purchased a new position in shares of Chart Industries in the 4th quarter worth about $41,000. Los Angeles Capital Management LLC purchased a new position in shares of Chart Industries in the 4th quarter worth about $40,000. Finally, Clearstead Advisors LLC increased its position in shares of Chart Industries by 243.3% during the 3rd quarter. Clearstead Advisors LLC now owns 230 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter.

Wall Street Analyst Weigh In

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

Chart Industries Stock Performance

Shares of GTLS stock opened at $207.30 on Wednesday. The company has a market capitalization of $9.92 billion, a P/E ratio of 797.35, a PEG ratio of 1.22 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $140.50 and a fifty-two week high of $208.76. 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 stock has a 50 day moving average price of $207.59 and a two-hundred day moving average price of $206.85.

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.