Centiva Capital LP Buys New Stake in Chart Industries, Inc. $GTLS

Centiva Capital LP bought a new position in Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 60,000 shares of the industrial products company’s stock, valued at approximately $12,009,000. Chart Industries accounts for about 0.1% of Centiva Capital LP’s portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company’s stock valued at $243,433,000 after purchasing an additional 8,697 shares during the last quarter. Geode Capital Management LLC raised its stake in Chart Industries by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock valued at $178,804,000 after purchasing an additional 65,078 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Chart Industries by 2,251.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock valued at $203,919,000 after purchasing an additional 975,501 shares during the period. Norges Bank acquired a new stake in Chart Industries in the 2nd quarter worth $92,901,000. Finally, Charles Schwab Investment Management Inc. grew its position in Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock worth $92,036,000 after purchasing an additional 22,556 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on GTLS. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $204.10.

Chart Industries Trading Down 0.1%

Shares of Chart Industries stock opened at $206.78 on Friday. Chart Industries, Inc. has a 52-week low of $104.60 and a 52-week high of $208.24. The firm has a market capitalization of $9.90 billion, a PE 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 company’s fifty day moving average price is $207.13 and its two-hundred day moving average price is $203.74.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business posted $2.66 earnings per share. Chart Industries’s revenue was down 2.5% on a year-over-year basis. On average, analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.