Capula Management Ltd Takes Position in Chart Industries, Inc. $GTLS

Capula Management Ltd purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 166,320 shares of the industrial products company’s stock, valued at approximately $34,387,000. Chart Industries comprises 0.2% of Capula Management Ltd’s portfolio, making the stock its 13th largest holding. Capula Management Ltd owned 0.35% of Chart Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GTLS. Millennium Management LLC boosted its stake in shares of Chart Industries by 94.9% in the 4th quarter. Millennium Management LLC now owns 1,586,588 shares of the industrial products company’s stock valued at $327,202,000 after purchasing an additional 772,723 shares during the last quarter. FIL Ltd grew its position in shares of Chart Industries by 7.2% during the 4th quarter. FIL Ltd now owns 1,315,500 shares of the industrial products company’s stock worth $271,296,000 after buying an additional 88,000 shares during the period. UBS Group AG raised its stake in shares of Chart Industries by 76.9% during the fourth quarter. UBS Group AG now owns 1,180,965 shares of the industrial products company’s stock worth $243,550,000 after buying an additional 513,195 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Chart Industries by 62.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,155,240 shares of the industrial products company’s stock worth $238,245,000 after buying an additional 442,650 shares during the last quarter. Finally, Norges Bank acquired a new position in Chart Industries in the fourth quarter valued at approximately $237,827,000.

Analyst Upgrades and Downgrades

GTLS has been the topic of a number of recent research reports. Wall Street Zen raised shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Ten research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $210.00.

Chart Industries Stock Performance

Shares of GTLS stock opened at $209.90 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21. The stock has a market cap of $10.05 billion, a PE ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The stock has a 50-day moving average of $208.33 and a 200-day moving average of $207.65. Chart Industries, Inc. has a one year low of $163.23 and a one year high of $209.96.

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.