UBS Group AG Acquires 513,195 Shares of Chart Industries, Inc. $GTLS

UBS Group AG grew its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 76.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,180,965 shares of the industrial products company’s stock after buying an additional 513,195 shares during the quarter. UBS Group AG’s holdings in Chart Industries were worth $243,550,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. grew its stake in Chart Industries by 2,251.3% in the third 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 in the last quarter. Millennium Management LLC boosted its holdings in shares of Chart Industries by 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock valued at $162,895,000 after buying an additional 561,622 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Chart Industries in the third quarter valued at $92,938,000. Alpine Associates Management Inc. grew its stake in shares of Chart Industries by 590.3% in the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock valued at $101,898,000 after buying an additional 435,359 shares in the last quarter. Finally, Syquant Capital Sas acquired a new position in Chart Industries during the fourth quarter worth $72,275,000.

Chart Industries Stock Up 0.2%

Shares of GTLS opened at $207.92 on Wednesday. Chart Industries, Inc. has a 12 month low of $127.40 and a 12 month high of $208.51. The firm’s 50 day moving average is $207.32 and its 200-day moving average is $205.52. The stock has a market capitalization of $9.95 billion, a PE ratio of 799.72, a P/E/G ratio of 0.96 and a beta of 1.70. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $2.66 earnings per share. Chart Industries’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Chart Industries, Inc. will post 11.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Chart Industries to a “hold” rating in a research note on Saturday, April 4th. Zacks Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Hold” and a consensus price target of $202.38.

Chart Industries Company 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.