Aristotle Atlantic Partners LLC Cuts Stock Holdings in Chart Industries, Inc. $GTLS

Aristotle Atlantic Partners LLC decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 97.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,300 shares of the industrial products company’s stock after selling 99,002 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Chart Industries were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Aristeia Capital L.L.C. purchased a new position in Chart Industries during the 4th quarter valued at about $594,000. Guggenheim Capital LLC increased its position in Chart Industries by 4.3% during the 4th quarter. Guggenheim Capital LLC now owns 5,892 shares of the industrial products company’s stock valued at $1,215,000 after purchasing an additional 242 shares during the period. AQR Arbitrage LLC increased its position in Chart Industries by 14.5% during the 4th quarter. AQR Arbitrage LLC now owns 433,498 shares of the industrial products company’s stock valued at $89,400,000 after purchasing an additional 54,918 shares during the period. Polar Asset Management Partners Inc. increased its position in Chart Industries by 74.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 157,145 shares of the industrial products company’s stock valued at $32,408,000 after purchasing an additional 67,145 shares during the period. Finally, AQR Capital Management LLC boosted its position in Chart Industries by 7.7% during the fourth quarter. AQR Capital Management LLC now owns 55,489 shares of the industrial products company’s stock valued at $11,443,000 after purchasing an additional 3,965 shares in the last quarter.

Chart Industries Stock Performance

Shares of GTLS opened at $206.93 on Thursday. Chart Industries, Inc. has a 12 month low of $140.50 and a 12 month high of $208.76. The stock has a fifty day moving average price of $207.56 and a 200-day moving average price of $206.98. 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 market cap of $9.91 billion, a PE ratio of 795.90, a P/E/G ratio of 1.22 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Chart Industries from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research report on Friday, March 27th. Finally, Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $201.80.

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.