Strategic Financial Concepts LLC Buys New Shares in Chart Industries, Inc. (NYSE:GTLS)

Strategic Financial Concepts LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,565 shares of the industrial products company’s stock, valued at approximately $4,115,000. Strategic Financial Concepts LLC owned 0.05% of Chart Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

GTLS has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Bank of America lowered their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Raymond James reiterated a “strong-buy” rating and issued a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group raised their price target 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chart Industries presently has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Down 2.8 %

Shares of NYSE GTLS opened at $196.59 on Monday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The company’s 50-day simple moving average is $200.24 and its 200-day simple moving average is $157.58. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 56.98, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84.

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.