Credit Industriel ET Commercial Purchases 31,723 Shares of Chart Industries, Inc. $GTLS

Credit Industriel ET Commercial raised its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 298.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,348 shares of the industrial products company’s stock after acquiring an additional 31,723 shares during the quarter. Chart Industries makes up about 0.7% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 15th biggest position. Credit Industriel ET Commercial’s holdings in Chart Industries were worth $8,755,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Torren Management LLC purchased a new position in shares of Chart Industries in the fourth quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in Chart Industries during the fourth quarter valued at $40,000. MCF Advisors LLC purchased a new position in shares of Chart Industries in the 4th quarter worth $41,000. Smartleaf Asset Management LLC increased its stake in Chart Industries by 44.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 100 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on GTLS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Stock Up 0.1%

Shares of GTLS stock opened at $208.98 on Tuesday. Chart Industries, Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $209.18. The firm has a market capitalization of $10.00 billion, a PE ratio of -200.81, a P/E/G ratio of 1.23 and a beta of 1.53. 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’s 50-day simple moving average is $207.77 and its 200-day simple moving average is $207.30.

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.