Strategic Financial Concepts LLC Makes New $4.12 Million Investment in Chart Industries, Inc. (NYSE:GTLS)

Strategic Financial Concepts LLC bought a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,565 shares of the industrial products company's stock, valued at approximately $4,115,000. Strategic Financial Concepts LLC owned about 0.05% of Chart Industries as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GTLS. Ashton Thomas Securities LLC purchased a new stake in shares of Chart Industries in the third quarter worth about $34,000. Blue Trust Inc. boosted its position in 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 purchasing an additional 65 shares in the last quarter. Spire Wealth Management boosted its position in 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 purchasing an additional 125 shares in the last quarter. UMB Bank n.a. boosted its position in Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Chart Industries during the third quarter worth approximately $87,000.

Chart Industries Price Performance

Shares of NYSE:GTLS traded up $1.42 during midday trading on Thursday, hitting $193.96. The company had a trading volume of 431,587 shares, compared to its average volume of 654,534. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. 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 stock has a market cap of $8.30 billion, a price-to-earnings ratio of 56.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84. The business's 50-day simple moving average is $200.49 and its 200-day simple moving average is $158.59.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GTLS. Raymond James reiterated a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group raised their target price on Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Finally, BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Three equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.