Balyasny Asset Management L.P. Cuts Stock Position in Chart Industries, Inc. $GTLS

Balyasny Asset Management L.P. trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 38.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,366 shares of the industrial products company’s stock after selling 394,465 shares during the period. Balyasny Asset Management L.P. owned 1.39% of Chart Industries worth $128,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Angelo Gordon & CO. L.P. acquired a new stake in Chart Industries during the 3rd quarter worth $2,602,000. Magnetar Financial LLC raised its stake in Chart Industries by 23.3% during the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock worth $76,473,000 after acquiring an additional 72,078 shares in the last quarter. M&T Bank Corp raised its stake in Chart Industries by 2,212.5% during the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock worth $10,912,000 after acquiring an additional 50,623 shares in the last quarter. Centiva Capital LP acquired a new stake in Chart Industries during the 3rd quarter worth $12,009,000. Finally, Hudson Bay Capital Management LP raised its stake in Chart Industries by 4,646.6% during the 3rd quarter. Hudson Bay Capital Management LP now owns 330,360 shares of the industrial products company’s stock worth $66,122,000 after acquiring an additional 323,400 shares in the last quarter.

Chart Industries Stock Down 0.2%

Chart Industries stock opened at $206.93 on Thursday. Chart Industries, Inc. has a twelve month low of $140.50 and a twelve month high of $208.76. The stock has a 50 day moving average of $207.56 and a two-hundred day moving average of $206.98. 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 stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 795.90, a PEG ratio of 1.22 and a beta of 1.53.

Wall Street Analyst Weigh In

GTLS has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Wall Street Zen lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $201.80.

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.