Verition Fund Management LLC Makes New $1.03 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Verition Fund Management LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLSGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,000 shares of the industrial products company’s stock, valued at approximately $1,031,000.

Several other hedge funds have also bought and sold shares of the stock. Archford Capital Strategies LLC raised its position in shares of Chart Industries by 4.4% during the 1st quarter. Archford Capital Strategies LLC now owns 1,509 shares of the industrial products company’s stock valued at $270,000 after buying an additional 63 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Chart Industries by 3.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,078 shares of the industrial products company’s stock valued at $357,000 after buying an additional 70 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Chart Industries by 4.5% during the 1st quarter. First Republic Investment Management Inc. now owns 1,739 shares of the industrial products company’s stock valued at $299,000 after buying an additional 75 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Chart Industries by 0.4% during the 1st quarter. Natixis Advisors L.P. now owns 17,920 shares of the industrial products company’s stock valued at $3,078,000 after buying an additional 77 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Chart Industries by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 15,869 shares of the industrial products company’s stock valued at $2,726,000 after buying an additional 144 shares in the last quarter.

Chart Industries Trading Down 4.9 %

Shares of NYSE GTLS opened at $195.67 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $197.48 and a two-hundred day simple moving average of $177.60. The firm has a market cap of $7.17 billion, a PE ratio of 161.71 and a beta of 1.50. Chart Industries, Inc. has a twelve month low of $108.29 and a twelve month high of $218.95.

Chart Industries (NYSE:GTLSGet Rating) last issued its earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $404.80 million during the quarter, compared to analyst estimates of $391.17 million. Chart Industries had a return on equity of 6.28% and a net margin of 3.42%. Analysts expect that Chart Industries, Inc. will post 4.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a research report on Friday, August 5th. Cowen upped their target price on shares of Chart Industries from $195.00 to $225.00 in a research report on Monday, August 1st. Craig Hallum increased their price objective on shares of Chart Industries from $225.00 to $243.00 in a research report on Monday, August 1st. The Goldman Sachs Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $259.00 in a research report on Thursday, September 15th. Finally, Barclays increased their price target on Chart Industries from $189.00 to $197.00 in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Chart Industries Company Profile

(Get Rating)

Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

Featured Stories

Want to see what other hedge funds are holding GTLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chart Industries, Inc. (NYSE:GTLSGet Rating).

Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.