Centiva Capital LP Acquires New Shares in Chart Industries, Inc. $GTLS

Centiva Capital LP bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the industrial products company’s stock, valued at approximately $12,009,000. Chart Industries makes up approximately 0.1% of Centiva Capital LP’s investment portfolio, making the stock its 26th biggest holding. Centiva Capital LP owned approximately 0.13% of Chart Industries at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Chart Industries by 39.0% during the 1st quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after buying an additional 7,314 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Chart Industries in the 2nd quarter valued at approximately $579,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Chart Industries by 28.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,436 shares of the industrial products company’s stock worth $730,000 after buying an additional 994 shares during the last quarter. ProShare Advisors LLC increased its holdings in Chart Industries by 1.6% in the second quarter. ProShare Advisors LLC now owns 11,273 shares of the industrial products company’s stock worth $1,856,000 after buying an additional 174 shares during the last quarter. Finally, Allworth Financial LP raised its position in Chart Industries by 74.5% during the second quarter. Allworth Financial LP now owns 164 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $206.78 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 795.33, a P/E/G ratio of 0.79 and a beta of 1.73. The business’s 50-day simple moving average is $207.13 and its 200-day simple moving average is $203.74. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GTLS. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chart Industries currently has an average rating of “Hold” and a consensus target price of $204.10.

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.