Nkcfo LLC Makes New Investment in Chart Industries, Inc. (NYSE:GTLS)

Nkcfo LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,500 shares of the industrial products company's stock, valued at approximately $668,000.

A number of other hedge funds also recently made changes to their positions in the business. National Bank of Canada FI grew its holdings in shares of Chart Industries by 328.7% in 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. grew its holdings in Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock worth $2,744,000 after acquiring an additional 15,862 shares during the last quarter. Fisher Asset Management LLC grew its holdings 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 worth $73,551,000 after acquiring an additional 13,181 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock worth $1,813,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in Chart Industries during the 3rd quarter worth about $373,000.

Chart Industries Stock Down 1.5 %

GTLS stock traded down $2.88 during mid-day trading on Wednesday, hitting $195.39. 487,692 shares of the company were exchanged, compared to its average volume of 634,612. 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 firm has a market cap of $8.36 billion, a P/E ratio of 56.63, a P/E/G ratio of 0.58 and a beta of 1.84. The firm's 50 day simple moving average is $200.72 and its 200 day simple moving average is $159.86. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. BTIG Research raised their target price on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Stifel Nicolaus raised their target price 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. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.54.

About Chart Industries

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.