GW&K Investment Management LLC Boosts Stock Position in Chart Industries, Inc. (NYSE:GTLS)

GW&K Investment Management LLC lifted its position in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 516,658 shares of the industrial products company’s stock after buying an additional 7,669 shares during the period. Chart Industries comprises 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 15th largest position. GW&K Investment Management LLC owned 1.21% of Chart Industries worth $98,599,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Verus Capital Partners LLC bought a new position in Chart Industries during the fourth quarter valued at approximately $234,000. Versor Investments LP boosted its stake in shares of Chart Industries by 68.1% in the 4th quarter. Versor Investments LP now owns 2,798 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 1,134 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Chart Industries during the 4th quarter valued at $4,298,000. Oppenheimer Asset Management Inc. raised its position in Chart Industries by 2.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,683 shares of the industrial products company’s stock worth $1,275,000 after purchasing an additional 152 shares during the period. Finally, Simmons Bank bought a new stake in Chart Industries in the fourth quarter worth $221,000.

Chart Industries Stock Performance

NYSE:GTLS opened at $182.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The stock has a market cap of $7.80 billion, a P/E ratio of 52.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.84. The firm’s fifty day simple moving average is $199.56 and its 200 day simple moving average is $162.36.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GTLS shares. Barclays reduced their price objective on 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. Citigroup raised their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Stifel Nicolaus raised their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

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.