DAVENPORT & Co LLC Trims Stock Position in Chart Industries, Inc. (NYSE:GTLS)

DAVENPORT & Co LLC cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,818 shares of the industrial products company's stock after selling 136,572 shares during the period. DAVENPORT & Co LLC owned about 0.35% of Chart Industries worth $28,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the third quarter worth $34,000. Blue Trust Inc. lifted its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. UMB Bank n.a. lifted its position in Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after buying an additional 255 shares in the last quarter. Mendota Financial Group LLC boosted its position in Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 203 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Chart Industries in the third quarter valued at $87,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on GTLS. Craig Hallum upped their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. Raymond James reaffirmed a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Bank of America cut their target price on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. BTIG Research boosted their price objective on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. 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 Trading Down 5.4 %

Shares of NYSE GTLS traded down $11.44 during trading on Thursday, hitting $202.08. 697,475 shares of the company were exchanged, compared to its average volume of 612,257. The firm has a market capitalization of $8.65 billion, a PE ratio of 58.57, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The company has a fifty day moving average price of $200.18 and a 200-day moving average price of $157.47. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03.

Chart Industries Company 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.