SG Americas Securities LLC Has $1.14 Million Stake in Chart Industries, Inc. $GTLS
by Kim Johansen · The Markets DailySG Americas Securities LLC decreased its position in shares of Chart Industries, Inc. (NYSE:GTLS – Free Report) by 78.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,511 shares of the industrial products company’s stock after selling 19,784 shares during the period. SG Americas Securities LLC’s holdings in Chart Industries were worth $1,137,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GTLS. Balyasny Asset Management L.P. increased its holdings in shares of Chart Industries by 2,251.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,018,831 shares of the industrial products company’s stock worth $203,919,000 after buying an additional 975,501 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Chart Industries by 222.7% during the third quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company’s stock worth $162,895,000 after buying an additional 561,622 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Chart Industries during the third quarter worth approximately $92,938,000. Alpine Associates Management Inc. increased its holdings in shares of Chart Industries by 590.3% during the third quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company’s stock worth $101,898,000 after buying an additional 435,359 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its holdings in shares of Chart Industries by 4,646.6% during the third quarter. Hudson Bay Capital Management LP now owns 330,360 shares of the industrial products company’s stock worth $66,122,000 after buying an additional 323,400 shares in the last quarter.
Chart Industries Stock Performance
Shares of Chart Industries stock opened at $207.66 on Thursday. The firm has a 50 day simple moving average of $207.13 and a 200 day simple moving average of $204.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.36 and a quick ratio of 1.09. Chart Industries, Inc. has a fifty-two week low of $110.06 and a fifty-two week high of $208.24. The firm has a market cap of $9.94 billion, a P/E ratio of 798.72, a P/E/G ratio of 0.81 and a beta of 1.70.
Chart Industries (NYSE:GTLS – Get Free Report) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $2.66 EPS. Chart Industries’s revenue was down 2.5% on a year-over-year basis. Sell-side analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently weighed in on GTLS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Wall Street Zen raised shares of Chart Industries to a “hold” rating in a report on Saturday, April 4th. Finally, Zacks Research lowered shares of Chart Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $203.67.
Read Our Latest Research Report on GTLS
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.
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