Tranquility Partners LLC bought a new stake 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 and Exchange Commission (SEC). The firm bought 3,091 shares of the industrial products company's stock, valued at approximately $590,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. King Luther Capital Management Corp increased its stake in shares of Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company's stock valued at $128,100,000 after buying an additional 29,139 shares during the period. Geode Capital Management LLC increased its position in Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company's stock valued at $123,318,000 after acquiring an additional 19,534 shares during the period. Principal Financial Group Inc. raised its stake in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company's stock valued at $99,673,000 after acquiring an additional 32,442 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Chart Industries by 2.3% during the third quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock worth $73,551,000 after purchasing an additional 13,181 shares during the period. Finally, Wellington Management Group LLP grew 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.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Craig Hallum raised their target price on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Stifel Nicolaus raised their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Raymond James reiterated a "strong-buy" rating and issued a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group increased their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a "neutral" rating in a research report on Friday, December 20th. Finally, Citigroup boosted their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Three 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. According to MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and an average target price of $191.54.
Get Our Latest Report on Chart Industries
Chart Industries Stock Up 0.4 %
NYSE GTLS traded up $0.79 on Monday, hitting $194.59. 461,031 shares of the company were exchanged, compared to its average volume of 526,977. 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 company has a market cap of $8.33 billion, a PE ratio of 56.40, a PEG ratio of 0.60 and a beta of 1.84. The stock has a fifty day moving average of $200.57 and a 200-day moving average of $158.82. Chart Industries, Inc. has a 12 month low of $101.60 and a 12 month high of $220.03.
Chart Industries Company Profile
(
Free Report)
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.
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