D.A. Davidson & CO. Trims Position in Chart Industries, Inc. (GTLS)

D.A. Davidson & CO. cut its stake in Chart Industries, Inc. (NASDAQ:GTLS) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,088 shares of the industrial products company’s stock after selling 412 shares during the period. D.A. Davidson & CO.’s holdings in Chart Industries were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Chart Industries by 3.9% in the third quarter. BlackRock Inc. now owns 4,379,691 shares of the industrial products company’s stock valued at $343,062,000 after buying an additional 162,564 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc now owns 3,040,131 shares of the industrial products company’s stock valued at $238,133,000 after buying an additional 80,703 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Chart Industries by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,040,131 shares of the industrial products company’s stock valued at $238,133,000 after buying an additional 80,703 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Chart Industries by 1,114.0% in the fourth quarter. Fisher Asset Management LLC now owns 745,941 shares of the industrial products company’s stock valued at $48,509,000 after buying an additional 684,498 shares during the last quarter. Finally, Columbus Circle Investors raised its holdings in shares of Chart Industries by 118.3% in the third quarter. Columbus Circle Investors now owns 438,561 shares of the industrial products company’s stock valued at $34,352,000 after buying an additional 237,653 shares during the last quarter.

A number of equities research analysts have recently commented on GTLS shares. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, January 15th. BidaskClub raised shares of Chart Industries from a “hold” rating to a “buy” rating in a report on Saturday, January 12th. Finally, Evercore ISI raised shares of Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 target price for the company in a report on Sunday, December 9th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Chart Industries presently has a consensus rating of “Buy” and a consensus price target of $81.71.

Shares of NASDAQ:GTLS opened at $82.45 on Thursday. Chart Industries, Inc. has a one year low of $47.13 and a one year high of $83.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.13 and a quick ratio of 1.53. The stock has a market capitalization of $2.54 billion, a PE ratio of 85.89, a price-to-earnings-growth ratio of 0.96 and a beta of 1.07.

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About Chart Industries

Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.

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Institutional Ownership by Quarter for Chart Industries (NASDAQ:GTLS)

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