Kryger Capital LLC Purchases Shares of 550,117 Chart Industries, Inc. $GTLS

Kryger Capital LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 550,117 shares of the industrial products company’s stock, valued at approximately $113,737,000. Chart Industries accounts for approximately 8.0% of Kryger Capital LLC’s holdings, making the stock its 2nd largest holding. Kryger Capital LLC owned about 1.15% of Chart Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gabelli Funds LLC boosted its holdings in shares of Chart Industries by 25.5% during the first quarter. Gabelli Funds LLC now owns 212,111 shares of the industrial products company’s stock worth $43,854,000 after acquiring an additional 43,087 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Chart Industries by 2.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 129,048 shares of the industrial products company’s stock worth $26,681,000 after purchasing an additional 3,014 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Chart Industries by 22.8% in the first quarter. Gamco Investors INC. ET AL now owns 271,100 shares of the industrial products company’s stock valued at $56,050,000 after buying an additional 50,351 shares in the last quarter. PSquared Asset Management AG boosted its stake in shares of Chart Industries by 6.1% in the first quarter. PSquared Asset Management AG now owns 117,407 shares of the industrial products company’s stock valued at $24,274,000 after buying an additional 6,753 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Chart Industries during the 1st quarter worth $27,942,000.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $209.90 on Friday. The company’s 50 day moving average price is $208.39 and its two-hundred day moving average price is $207.66. 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 fifty-two week low of $163.23 and a fifty-two week high of $209.96. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GTLS. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Ten investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $210.00.

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.