Harvey Capital Management Inc. lessened its holdings in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,637 shares of the industrial products company's stock after selling 2,505 shares during the quarter. Chart Industries makes up 1.7% of Harvey Capital Management Inc.'s holdings, making the stock its 18th largest holding. Harvey Capital Management Inc. owned about 0.09% of Chart Industries worth $7,373,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI lifted its stake in shares of Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock worth $839,000 after purchasing an additional 5,181 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock valued at $2,744,000 after buying an additional 15,862 shares during the last quarter. Fisher Asset Management LLC raised its stake in Chart Industries by 2.3% in the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock valued at $73,551,000 after buying an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock valued at $1,813,000 after buying an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Chart Industries in the third quarter worth about $373,000.
Analyst Ratings Changes
Several brokerages have recently issued reports on GTLS. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Raymond James reissued a "strong-buy" rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group raised their price objective on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, BTIG Research boosted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $191.54.
Check Out Our Latest Analysis on GTLS
Chart Industries Trading Up 0.4 %
Shares of Chart Industries stock traded up $0.79 during trading hours on Friday, hitting $194.59. The company's stock had a trading volume of 461,031 shares, compared to its average volume of 526,977. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a fifty day moving average of $200.57 and a 200-day moving average of $158.84. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 56.40, a P/E/G ratio of 0.60 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.
Chart Industries Company Profile
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Free Report)
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.
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