Rheos Capital Works Inc. Sells 14,000 Shares of Chart Industries, Inc. (NYSE:GTLS)

Rheos Capital Works Inc. decreased its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,500 shares of the industrial products company's stock after selling 14,000 shares during the quarter. Rheos Capital Works Inc. owned approximately 0.05% of Chart Industries worth $4,294,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its stake in shares of Chart Industries by 2.2% in the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company's stock worth $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Chart Industries by 3.3% during the third quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company's stock valued at $245,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after purchasing an additional 65 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Chart Industries by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company's stock worth $595,000 after buying an additional 114 shares during the last quarter. Finally, Spire Wealth Management increased its holdings 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 valued at $37,000 after acquiring an additional 125 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Monday, October 14th. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research note on Tuesday, December 31st. Barclays reduced their price objective on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Finally, Raymond James restated a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Three equities research 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's stock. According to MarketBeat, Chart Industries has an average rating of "Moderate Buy" and an average target price of $188.75.

Chart Industries Stock Performance

Shares of NYSE:GTLS traded down $11.44 during trading on Thursday, hitting $202.08. The company's stock had a trading volume of 697,475 shares, compared to its average volume of 612,257. 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 firm has a market cap of $8.65 billion, a price-to-earnings ratio of 58.57, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a 50-day moving average of $200.18 and a 200-day moving average of $157.47. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.

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.