FMR LLC Discloses 7.047% Passive Stake in Chart Industries

Ticker: GTLS · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z

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).

From the Filing

0000315066-24-001052.txt : 20240209 0000315066-24-001052.hdr.sgml : 20240209 20240209085019 ACCESSION NUMBER: 0000315066-24-001052 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHART INDUSTRIES INC CENTRAL INDEX KEY: 0000892553 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 341712937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43584 FILM NUMBER: 24611475 BUSINESS ADDRESS: STREET 1: 2200 AIRPORT INDUSTRIAL DRIVE STREET 2: SUITE # 100 CITY: BALL GROUND STATE: GA ZIP: 30107 BUSINESS PHONE: 770-721-8800 MAIL ADDRESS: STREET 1: 2200 AIRPORT INDUSTRIAL DRIVE STREET 2: SUITE # 100 CITY: BALL GROUND STATE: GA ZIP: 30107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 CHART INDUSTRIES INC COMMON STOCK Cusip #16115Q308 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #16115Q308 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 3,015,545 Item 6: 0 Item 7: 3,020,088 Item 8: 0 Item 9: 3,020,088 Item 11: 7.047% Item 12: HC Cusip #16115Q308 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 3,020,088 Item 8: 0 Item 9: 3,020,088 Item 11: 7.047% Item 12: IN Item 1(a). Name of Issuer: CHART INDUSTRIES INC Item 1(b). Address of Issuer's Principal Executive Offices: 2200 AIRPORT INDUSTRIAL DRIVE, SUITE # 100 BALL GROUND, GA 30107 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 16115Q308 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 3,020,088 (b) Percent of Class: 7.047% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3,020,088 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CHART INDUSTRIES INC. No one other person's interest in the COMMON STOCK of CHART INDUSTRIES INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By si