Iridian Asset Management LLC CT Sells 7,067 Shares of Chart Industries, Inc. (NYSE:GTLS)

Iridian Asset Management LLC CT lessened its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,890 shares of the industrial products company’s stock after selling 7,067 shares during the quarter. Chart Industries makes up 1.8% of Iridian Asset Management LLC CT’s portfolio, making the stock its 17th biggest position. Iridian Asset Management LLC CT’s holdings in Chart Industries were worth $6,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 65 shares during the period. Spire Wealth Management boosted its position in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the third quarter worth $34,000. UMB Bank n.a. raised its holdings in Chart Industries by 418.0% in the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Chart Industries by 74.0% during the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares during the period.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. The Goldman Sachs Group upped their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. BTIG Research upped their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Bank of America reduced their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Trading Down 5.4 %

Chart Industries stock opened at $202.08 on Friday. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03. The business’s fifty day moving average is $200.18 and its 200 day moving average is $157.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The stock has a market capitalization of $8.65 billion, a PE ratio of 58.57, a price-to-earnings-growth ratio of 0.63 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.