Sumitomo Mitsui DS Asset Management Company Ltd Buys New Holdings in Chart Industries, Inc. (NYSE:GTLS)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,411 shares of the industrial products company's stock, valued at approximately $651,000.

Several other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Chart Industries in the third quarter valued at approximately $34,000. Blue Trust Inc. boosted its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company's stock worth $35,000 after buying an additional 65 shares in the last quarter. Spire Wealth Management grew its position in shares of Chart Industries by 183.8% during the 4th 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. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after buying an additional 255 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Chart Industries during the 3rd quarter worth approximately $87,000.

Chart Industries Price Performance

GTLS stock traded up $0.79 during mid-day trading on Friday, reaching $194.59. 461,031 shares of the company traded hands, compared to its average volume of 526,977. 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 company has a market capitalization of $8.33 billion, a P/E ratio of 56.40, a P/E/G ratio of 0.60 and a beta of 1.84. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a fifty day moving average price of $200.57 and a 200-day moving average price of $158.84.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GTLS. Barclays reduced their price objective 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. The Goldman Sachs Group lifted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Raymond James reiterated a "strong-buy" rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Finally, Citigroup boosted their price objective on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a research note on Thursday. Three 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 MarketBeat, the stock currently has a consensus 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.