Sumitomo Mitsui DS Asset Management Company Ltd Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,411 shares of the industrial products company’s stock, valued at approximately $651,000.

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

Chart Industries Stock Down 3.6 %

GTLS opened at $193.93 on Wednesday. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The business has a 50 day moving average of $200.40 and a 200-day moving average of $158.10. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 56.21, a P/E/G ratio of 0.60 and a beta of 1.84. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GTLS shares. 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 report on Tuesday, December 31st. Barclays reduced their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. BTIG Research increased 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. Raymond James reaffirmed a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.