Groupe la Francaise Buys 32,620 Shares of Chart Industries, Inc. $GTLS

Groupe la Francaise boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 132.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 57,289 shares of the industrial products company’s stock after buying an additional 32,620 shares during the period. Groupe la Francaise’s holdings in Chart Industries were worth $11,845,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GTLS. Torren Management LLC bought a new position in shares of Chart Industries during the fourth quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Chart Industries in the 4th quarter worth about $40,000. MCF Advisors LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth about $41,000. Smartleaf Asset Management LLC lifted its holdings in Chart Industries by 44.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Chart Industries by 44.8% during the 2nd 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 last quarter.

Chart Industries Stock Performance

GTLS opened at $209.90 on Friday. Chart Industries, Inc. has a 1-year low of $163.23 and a 1-year high of $209.96. The stock has a market capitalization of $10.05 billion, a PE ratio of -201.82, a PEG ratio of 1.24 and a beta of 1.53. 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 firm has a 50-day moving average price of $208.58 and a two-hundred day moving average price of $207.76.

Analyst Ratings Changes

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

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.