Strategic Financial Concepts LLC Acquires New Shares in Chart Industries, Inc. (NYSE:GTLS)

Strategic Financial Concepts LLC purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,565 shares of the industrial products company's stock, valued at approximately $4,115,000. Strategic Financial Concepts LLC owned approximately 0.05% of Chart Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GTLS. Wellington Management Group LLP raised its stake in shares of Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company's stock worth $68,461,000 after purchasing an additional 262,592 shares during the last quarter. WCM Investment Management LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth approximately $16,239,000. Victory Capital Management Inc. raised its stake in shares of Chart Industries by 27.4% in the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company's stock worth $48,258,000 after purchasing an additional 83,685 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Chart Industries by 34.9% in the third quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company's stock worth $31,490,000 after purchasing an additional 65,615 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of Chart Industries in the third quarter worth approximately $7,388,000.

Chart Industries Price Performance

NYSE:GTLS traded down $4.45 during trading hours on Thursday, hitting $191.14. 313,937 shares of the company's stock traded hands, compared to its average volume of 624,898. The business's fifty day simple moving average is $200.72 and its two-hundred day simple moving average is $159.86. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 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 firm has a market cap of $8.18 billion, a P/E ratio of 55.40, a P/E/G ratio of 0.59 and a beta of 1.84.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research analyst reports. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Stifel Nicolaus raised their target price on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Barclays decreased their target price on 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, BTIG Research raised their target price on Chart Industries from $170.00 to $210.00 and gave the stock 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 issued a strong buy rating to the company. Based on data from MarketBeat, Chart Industries presently has a consensus rating of "Moderate Buy" and an average target price 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.