Rhumbline Advisers Boosts Holdings in Chart Industries, Inc. (NYSE:GTLS)

Rhumbline Advisers increased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,222 shares of the industrial products company's stock after purchasing an additional 2,496 shares during the period. Rhumbline Advisers owned approximately 0.31% of Chart Industries worth $25,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Community Trust & Investment Co. grew its stake in Chart Industries by 35.4% in the 3rd quarter. Community Trust & Investment Co. now owns 77,917 shares of the industrial products company's stock valued at $9,673,000 after acquiring an additional 20,374 shares during the period. Private Advisor Group LLC purchased a new position in Chart Industries during the third quarter valued at $205,000. Pathway Financial Advisers LLC purchased a new position in Chart Industries during the third quarter valued at $1,002,000. DekaBank Deutsche Girozentrale lifted its holdings in Chart Industries by 16.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 218,000 shares of the industrial products company's stock valued at $27,111,000 after purchasing an additional 30,000 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Chart Industries by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,868 shares of the industrial products company's stock valued at $604,000 after purchasing an additional 330 shares in the last quarter.

Chart Industries Trading Down 6.0 %

Shares of GTLS traded down $11.50 during trading on Friday, reaching $179.80. 255,407 shares of the company traded hands, compared to its average volume of 613,592. The stock has a 50-day simple moving average of $200.58 and a 200-day simple moving average of $160.08. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market cap of $7.70 billion, a PE ratio of 52.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a report on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, December 20th. Stifel Nicolaus increased their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Barclays reduced their target price on shares of 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. Finally, Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Chart Industries currently has an average rating of "Moderate Buy" and an average target price of $191.54.

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.