Sumitomo Mitsui Trust Group Inc. Sells 7,440 Shares of Chart Industries, Inc. (NYSE:GTLS)

Sumitomo Mitsui Trust Group Inc. trimmed its position in Chart Industries, Inc. (NYSE:GTLS - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,359 shares of the industrial products company's stock after selling 7,440 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Chart Industries were worth $2,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GTLS. Ashton Thomas Securities LLC bought a new position in Chart Industries in the third quarter valued at about $34,000. Blue Trust Inc. grew its stake 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 during the period. Spire Wealth Management grew its stake 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 during the period. nVerses Capital LLC acquired a new stake in Chart Industries during the third quarter worth approximately $87,000. Finally, GAMMA Investing LLC grew its stake in Chart Industries by 74.0% during the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company's stock worth $111,000 after purchasing an additional 247 shares during the period.

Chart Industries Stock Performance

Shares of NYSE GTLS traded up $0.79 during mid-day trading on Monday, hitting $194.59. The company had a trading volume of 461,031 shares, compared to its average volume of 526,977. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 56.40, a P/E/G ratio of 0.60 and a beta of 1.84. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The stock's 50-day moving average price is $200.65 and its 200-day moving average price is $159.11.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a report on Friday, December 20th. Raymond James reiterated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Barclays dropped their target price on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the company a "buy" rating in a report on Thursday. 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 report on Monday, December 16th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $191.54.

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.