FMR LLC Discloses 7.047% Passive Stake in Chart Industries
Ticker: GTLS · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 892553
| Field | Detail |
|---|---|
| Company | Chart Industries INC (GTLS) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 7.047% passive stake in Chart Industries, a bullish signal from a big player.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Chart Industries Inc. As of December 31, 2023, FMR LLC beneficially owns 3,020,088 shares of Chart Industries' common stock, representing 7.047% of the company's outstanding shares. This filing indicates a substantial, but passive, investment by a prominent institutional investor, suggesting confidence in Chart Industries' long-term prospects without seeking to influence management. This matters to investors because it signals that a large, sophisticated fund sees value in Chart Industries, potentially boosting investor confidence.
Why It Matters
This filing shows a major institutional investor, FMR LLC, has a significant stake in Chart Industries, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This is a passive investment by a large institution, indicating confidence rather than an attempt to control the company, which generally reduces risk.
Analyst Insight
A smart investor would view this as a positive signal, indicating that a major institutional investor sees long-term value in Chart Industries. While not a guarantee of future performance, it suggests a deeper dive into Chart Industries' fundamentals might be warranted.
Key Numbers
- 3,020,088 — Shares Beneficially Owned (Represents the total common stock shares of Chart Industries Inc. held by FMR LLC and Abigail P. Johnson as of December 31, 2023.)
- 7.047% — Percent of Class (Indicates the percentage of Chart Industries Inc.'s common stock outstanding that FMR LLC and Abigail P. Johnson collectively own.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CHART INDUSTRIES INC (company) — subject company
- 3,020,088 (dollar_amount) — shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.047% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- Chart Industries Inc. stock may experience increased investor confidence due to FMR LLC's significant passive stake. (CHART INDUSTRIES INC) — medium confidence, target: Q2 2024
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company based in Boston, Massachusetts, as stated in Item 1 and Item 2(a) of the filing.
What percentage of Chart Industries Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 7.047% of Chart Industries Inc.'s common stock, as detailed in Item 11 for FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
How many shares of Chart Industries Inc. common stock are beneficially owned by FMR LLC?
FMR LLC beneficially owns 3,020,088 shares of Chart Industries Inc. common stock, as reported in Item 7 and Item 9 for both FMR LLC and Abigail P. Johnson, and Item 4(a) for FMR LLC.
What is the CUSIP number for Chart Industries Inc. common stock mentioned in the filing?
The CUSIP number for Chart Industries Inc. common stock is 16115Q308, as specified in the filing's cover page and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and Item 3, where FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CHART INDUSTRIES INC (GTLS).