Kapitalo Investimentos Ltda Takes $29.64 Million Position in Chart Industries, Inc. $GTLS

Kapitalo Investimentos Ltda purchased a new position in Chart Industries, Inc. (NYSE:GTLS) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 143,375 shares of the industrial products company’s stock, valued at approximately $29,643,000. Chart Industries accounts for about 5.6% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 6th largest position.

A number of other institutional investors have also made changes to their positions in GTLS. AQR Capital Management LLC lifted its stake in Chart Industries by 39.0% in the first quarter. AQR Capital Management LLC now owns 26,089 shares of the industrial products company’s stock valued at $3,694,000 after buying an additional 7,314 shares during the period. California Public Employees Retirement System boosted its holdings in Chart Industries by 7.8% during the second quarter. California Public Employees Retirement System now owns 75,645 shares of the industrial products company’s stock worth $12,455,000 after buying an additional 5,443 shares during the last quarter. Sei Investments Co. grew its position in shares of Chart Industries by 0.7% during the 2nd quarter. Sei Investments Co. now owns 77,117 shares of the industrial products company’s stock worth $12,697,000 after buying an additional 540 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Chart Industries by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,392 shares of the industrial products company’s stock worth $8,626,000 after buying an additional 4,129 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Chart Industries by 55.9% in the 2nd quarter. Alliancebernstein L.P. now owns 138,663 shares of the industrial products company’s stock valued at $22,831,000 after acquiring an additional 49,715 shares during the last quarter.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $209.90 on Tuesday. Chart Industries, Inc. has a 1 year low of $163.23 and a 1 year high of $209.96. The business has a 50-day moving average of $208.18 and a two-hundred day moving average of $207.57. The company has a market capitalization of $10.05 billion, a P/E ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Wednesday, June 24th. 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. Finally, Zacks Research lowered shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Ten analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $210.00.

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.