Sumitomo Mitsui DS Asset Management Company Ltd Purchases Shares of 3,411 Chart Industries, Inc. (NYSE:GTLS)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,411 shares of the industrial products company’s stock, valued at approximately $651,000.

Several other large investors have also modified their holdings of GTLS. Strategic Financial Concepts LLC acquired a new position in Chart Industries during the fourth quarter worth approximately $4,115,000. Hedeker Wealth LLC purchased a new stake in Chart Industries during the fourth quarter valued at about $2,815,000. Choreo LLC increased its stake in Chart Industries by 2.4% during the fourth quarter. Choreo LLC now owns 4,292 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 102 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Chart Industries by 18.4% in the 4th quarter. Jennison Associates LLC now owns 92,776 shares of the industrial products company’s stock worth $17,705,000 after purchasing an additional 14,435 shares during the period. Finally, JB Capital LLC lifted its stake in shares of Chart Industries by 8.7% in the 4th quarter. JB Capital LLC now owns 10,302 shares of the industrial products company’s stock valued at $1,966,000 after purchasing an additional 823 shares in the last quarter.

Chart Industries Trading Down 3.6 %

Shares of GTLS opened at $193.93 on Wednesday. The business’s 50-day moving average price is $200.40 and its 200 day moving average price is $158.10. 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 stock has a market capitalization of $8.30 billion, a P/E ratio of 56.21, a P/E/G ratio of 0.60 and a beta of 1.84. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GTLS shares. Stifel Nicolaus raised their target price 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. The Goldman Sachs Group lifted their price target 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. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. BTIG Research boosted their target price on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.75.

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.