Tudor Investment Corp ET AL Buys 18,961 Shares of Chart Industries, Inc. $GTLS

Key Points

• Tudor Investment Corp ET AL increased its stake in Chart Industries by 499%, adding 18,961 shares to hold 22,761 shares worth about $4.56 million (0.05% of the company) at quarter-end.
• Several large funds also dramatically boosted positions—most notably Balyasny (+975,501 shares), Millennium (+561,622 shares) and Alpine (+435,359 shares)—signaling significant institutional buying interest.
• Analysts have a consensus rating of Hold (2 Buys, 13 Holds, 1 Sell) with a $203.67 target, and Chart recently missed quarterly estimates, reporting $2.51 EPS vs. $3.48 expected and $1.08B revenue vs. $1.23B expected.

Tudor Investment Corp ET AL lifted its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 499.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,761 shares of the industrial products company's stock after acquiring an additional 18,961 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Chart Industries worth $4,556,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Chart Industries by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,216,271 shares of the industrial products company's stock worth $243,433,000 after acquiring an additional 8,697 shares in the last quarter. 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 222.7% in the 3rd quarter. Millennium Management LLC now owns 813,865 shares of the industrial products company's stock worth $162,895,000 after acquiring an additional 561,622 shares in the last quarter. Alpine Associates Management Inc. raised its position in shares of Chart Industries by 590.3% in the 3rd quarter. Alpine Associates Management Inc. now owns 509,110 shares of the industrial products company's stock worth $101,898,000 after acquiring an additional 435,359 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Chart Industries in the 3rd quarter worth $92,938,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GTLS. Wall Street Zen upgraded shares of Chart Industries to a "hold" rating in a research note on Saturday, April 4th. Zacks Research lowered shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Chart Industries in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $203.67.

Chart Industries Trading Up 0.0%

Shares of Chart Industries stock opened at $207.83 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06. Chart Industries, Inc. has a 12-month low of $116.74 and a 12-month high of $208.24. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 799.38, a PEG ratio of 0.81 and a beta of 1.70. The firm's 50 day simple moving average is $207.15 and its two-hundred day simple moving average is $204.74.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.23 billion. Chart Industries had a net margin of 0.95% and a return on equity of 13.55%. The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 earnings per share. Analysts predict that Chart Industries, Inc. will post 9.02 EPS for the current year.

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.

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