PACK Private Wealth LLC Buys Shares of 11,700 Chart Industries, Inc. $GTLS

PACK Private Wealth LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,700 shares of the industrial products company’s stock, valued at approximately $2,342,000. Chart Industries makes up 1.1% of PACK Private Wealth LLC’s portfolio, making the stock its 14th largest position.

Several other hedge funds also recently made changes to their positions in GTLS. Nordea Investment Management AB lifted its holdings in shares of Chart Industries by 5.7% in the second quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after buying an additional 102,226 shares in the last quarter. Atlantic Investment Management Inc. increased its holdings in Chart Industries by 33.7% during the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after acquiring an additional 69,300 shares during the period. D.A. Davidson & CO. bought a new stake in Chart Industries during the 2nd quarter worth approximately $294,000. Ethic Inc. lifted its stake in Chart Industries by 3.8% in the 2nd quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 103 shares in the last quarter. Finally, Alpine Associates Management Inc. bought a new position in Chart Industries in the 2nd quarter valued at $12,143,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Hold” and a consensus price target of $204.10.

Chart Industries Stock Up 0.1%

GTLS opened at $206.86 on Friday. The business’s fifty day simple moving average is $206.61 and its 200 day simple moving average is $202.51. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. The stock has a market cap of $9.30 billion, a PE ratio of 252.27, a P/E/G ratio of 0.79 and a beta of 1.75.

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.