Polar Asset Management Partners Inc. Sells 74,999 Shares of Chart Industries, Inc. $GTLS

Polar Asset Management Partners Inc. reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 47.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,146 shares of the industrial products company’s stock after selling 74,999 shares during the period. Polar Asset Management Partners Inc. owned 0.17% of Chart Industries worth $16,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Chart Industries in the fourth quarter valued at $237,827,000. Balyasny Asset Management L.P. raised its position in shares of Chart Industries by 2,251.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after acquiring an additional 975,501 shares in the last quarter. Millennium Management LLC raised its position 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 worth $327,202,000 after acquiring an additional 772,723 shares in the last quarter. Kryger Capital LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at about $113,737,000. Finally, UBS Group AG raised its holdings 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 valued at $243,550,000 after purchasing an additional 513,195 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Zacks Research cut shares of Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Chart Industries has an average rating of “Reduce” and a consensus target price of $210.00.

Chart Industries Stock Performance

Shares of GTLS opened at $209.90 on Monday. Chart Industries, Inc. has a twelve month low of $163.23 and a twelve month high of $209.96. The stock has a market cap of $10.05 billion, a PE ratio of -201.82, a P/E/G ratio of 1.24 and a beta of 1.53. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $208.39 and its 200-day moving average price is $207.67.

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.