Iridian Asset Management LLC CT Lowers Stake in Chart Industries, Inc. (NYSE:GTLS)

Iridian Asset Management LLC CT trimmed its stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,890 shares of the industrial products company's stock after selling 7,067 shares during the period. Chart Industries accounts for approximately 1.8% of Iridian Asset Management LLC CT's holdings, making the stock its 17th largest position. Iridian Asset Management LLC CT owned about 0.08% of Chart Industries worth $6,849,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in Chart Industries during the 3rd quarter valued at about $34,000. Blue Trust Inc. raised its holdings 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 buying an additional 65 shares during the period. Spire Wealth Management lifted its stake in shares of Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after acquiring an additional 125 shares during the last quarter. UMB Bank n.a. grew its position in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 255 shares during the last quarter. Finally, Mendota Financial Group LLC increased its stake in Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after purchasing an additional 203 shares during the period.

Chart Industries Stock Down 3.5 %

Chart Industries stock traded down $6.97 during midday trading on Tuesday, reaching $194.11. The company's stock had a trading volume of 588,645 shares, compared to its average volume of 641,617. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock has a market capitalization of $8.31 billion, a P/E ratio of 56.26, a PEG ratio of 0.60 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock's 50-day simple moving average is $200.40 and its 200-day simple moving average is $157.87.

Analyst Upgrades and Downgrades

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

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.