Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,628 shares of the industrial products company's stock after selling 11,918 shares during the period. Peregrine Capital Management LLC owned about 0.16% of Chart Industries worth $13,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GTLS. Ashton Thomas Securities LLC purchased a new position in shares of Chart Industries during the third quarter worth $34,000. Blue Trust Inc. boosted its position in shares of Chart Industries by 56.0% during 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 boosted its position in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company's stock worth $37,000 after buying an additional 125 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Chart Industries in the fourth quarter valued at $56,000. Finally, nVerses Capital LLC purchased a new position in Chart Industries in the third quarter valued at $87,000.

Chart Industries Stock Down 4.9 %

Chart Industries stock traded down $9.44 during midday trading on Friday, reaching $181.86. The company's stock had a trading volume of 568,335 shares, compared to its average volume of 623,233. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company has a market cap of $7.79 billion, a P/E ratio of 52.71, a P/E/G ratio of 0.59 and a beta of 1.84. The business has a 50-day simple moving average of $200.26 and a 200-day simple moving average of $160.54.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GTLS shares. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a report on Tuesday, December 31st. The Goldman Sachs Group lifted their target price on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Finally, BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $191.54.

Chart Industries 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.