Vanguard Group Maintains 10.0% Stake in Chart Industries

TL;DR

**Vanguard still owns 10% of Chart Industries, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its beneficial ownership in Chart Industries Inc. As of December 29, 2023, Vanguard reported owning 5,500,000 shares of Chart Industries' Common Stock, representing 10.0% of the company's outstanding shares. This filing updates their previous disclosure and signals Vanguard's continued significant, passive stake in Chart Industries, which could be seen as a vote of confidence for current and prospective shareholders.

Why It Matters

This filing confirms Vanguard's substantial, passive investment in Chart Industries, which can reassure investors about institutional interest and stability in the stock.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk.

Analyst Insight

Investors should note Vanguard's continued significant, passive stake, which suggests long-term institutional confidence in Chart Industries, but does not indicate any immediate strategic changes.

Key Numbers

• 5,500,000 — Shares Beneficially Owned (Represents the total number of Chart Industries Common Stock shares owned by The Vanguard Group.)
• 10.0% — Percentage of Class (Indicates The Vanguard Group's significant ownership stake in Chart Industries.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and beneficial owner
• Chart Industries Inc (company) — issuer of the securities
• 5,500,000 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 10.0% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Chart Industries. (The Vanguard Group) — high confidence, target: Next 12-18 months

FAQ

From the Filing

0001104659-24-020581.txt : 20240213 0001104659-24-020581.hdr.sgml : 20240213 20240213170102 ACCESSION NUMBER: 0001104659-24-020581 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43584 FILM NUMBER: 24627736 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0584-chartindustriesinc.htm SCHEDULE 13G/A chartindustriesinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer:  Chart Industries Inc Title of Class of Securities:  Common Stock CUSIP Number:  16115Q308 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  16115Q308 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 59,334 7.  SOLE DISPOSITIVE POWER 4,059,376 8.  SHARED DISPOSITIVE POWER 104,099 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,163,475 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.74% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of C