Jennison Associates LLC lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,776 shares of the industrial products company's stock after purchasing an additional 14,435 shares during the quarter. Jennison Associates LLC owned 0.22% of Chart Industries worth $17,705,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Chart Industries in the third quarter valued at about $34,000. Blue Trust Inc. raised its holdings in Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock valued at $35,000 after buying an additional 65 shares during the last quarter. Spire Wealth Management raised its holdings in Chart Industries by 183.8% in the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock valued at $37,000 after buying an additional 125 shares during the last quarter. UMB Bank n.a. boosted 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 during the period. Finally, Mendota Financial Group LLC grew its holdings in Chart Industries by 46.2% during the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after acquiring an additional 203 shares during the last quarter.
Analysts Set New Price Targets
GTLS has been the subject of several analyst reports. Barclays dropped 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 note on Monday, November 4th. 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 report on Monday, October 14th. Raymond James reissued a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus lifted 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. Finally, Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Three equities research 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 MarketBeat.com, Chart Industries currently has a consensus rating of "Moderate Buy" and an average target price of $188.75.
Get Our Latest Report on Chart Industries
Chart Industries Stock Down 2.8 %
NYSE GTLS traded down $5.63 on Friday, hitting $196.59. 1,011,425 shares of the company were exchanged, compared to its average volume of 526,977. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a market cap of $8.42 billion, a PE ratio of 56.98, a PEG ratio of 0.60 and a beta of 1.84. The stock has a fifty day moving average of $200.24 and a 200-day moving average of $157.60. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.
About Chart Industries
(
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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