Polar Asset Management Partners Inc. Reduces Position in Chart Industries, Inc. $GTLS

Polar Asset Management Partners Inc. decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 47.7% during the 1st quarter, Holdings Channel reports. The firm owned 82,146 shares of the industrial products company’s stock after selling 74,999 shares during the period. Polar Asset Management Partners Inc.’s holdings in Chart Industries were worth $16,984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTLS. Torren Management LLC purchased a new stake in Chart Industries during the 4th quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Chart Industries in the fourth quarter valued at about $40,000. MCF Advisors LLC purchased a new position in shares of Chart Industries in the fourth quarter valued at about $41,000. Smartleaf Asset Management LLC raised its stake in shares of Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Chart Industries by 44.8% during the second 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 last quarter.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $209.90 on Monday. The firm has a fifty day simple moving average of $208.39 and a two-hundred day simple moving average of $207.67. Chart Industries, Inc. has a 12 month low of $163.23 and a 12 month high of $209.96. The company has a current ratio of 1.53, a quick ratio of 1.21 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $10.05 billion, a PE ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53.

Wall Street Analyst Weigh In

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