WCM Investment Management LLC Acquires Shares of 85,205 Chart Industries, Inc. (NYSE:GTLS)

WCM Investment Management LLC purchased a new position in Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 85,205 shares of the industrial products company's stock, valued at approximately $16,239,000. WCM Investment Management LLC owned 0.20% of Chart Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of GTLS. National Bank of Canada FI raised its stake in shares of Chart Industries by 328.7% during the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company's stock worth $839,000 after acquiring an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company's stock worth $2,744,000 after acquiring an additional 15,862 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company's stock worth $73,551,000 after acquiring an additional 13,181 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company's stock valued at $1,813,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Chart Industries during the 3rd quarter valued at approximately $373,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GTLS shares. Raymond James restated a "strong-buy" rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research upped their price target on shares of Chart Industries from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Barclays cut their price target on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Craig Hallum upped their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus upped their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. Three 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $191.54.

Chart Industries Stock Performance

NYSE GTLS traded up $1.42 during mid-day trading on Thursday, reaching $193.96. 431,587 shares of the stock were exchanged, compared to its average volume of 654,534. The business's 50 day moving average is $200.49 and its 200-day moving average is $158.59. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a market capitalization of $8.30 billion, a P/E ratio of 56.22, a P/E/G ratio of 0.60 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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.