Journey Strategic Wealth LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Journey Strategic Wealth LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,295 shares of the industrial products company's stock, valued at approximately $247,000.

Several other large investors also recently modified their holdings of GTLS. King Luther Capital Management Corp lifted its position in shares of Chart Industries by 2.9% in the 3rd quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock worth $128,100,000 after purchasing an additional 29,139 shares during the period. Geode Capital Management LLC raised its stake in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock worth $123,318,000 after buying an additional 19,534 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock worth $99,673,000 after buying an additional 32,442 shares during the period. Fisher Asset Management LLC boosted its position in Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Chart Industries by 90.9% during the 3rd quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after acquiring an additional 262,592 shares during the period.

Chart Industries Stock Performance

Chart Industries stock traded down $5.63 during midday trading on Friday, hitting $196.59. The stock had a trading volume of 1,011,425 shares, compared to its average volume of 628,225. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a market capitalization of $8.42 billion, a PE ratio of 56.98, a P/E/G ratio of 0.63 and a beta of 1.84. The firm's fifty day moving average is $200.24 and its two-hundred day moving average is $157.68. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays lowered their price target on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Raymond James reissued a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. BTIG Research lifted their price objective on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.75.

Chart Industries Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.