Caprock Group LLC Buys New Stake in Chart Industries, Inc. (NYSE:GTLS)

Caprock Group LLC bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,178 shares of the industrial products company’s stock, valued at approximately $416,000.

Several other hedge funds also recently bought and sold shares of GTLS. Hantz Financial Services Inc. increased its position in Chart Industries by 24.8% during the 4th quarter. Hantz Financial Services Inc. now owns 22,476 shares of the industrial products company’s stock worth $4,289,000 after purchasing an additional 4,469 shares in the last quarter. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Chart Industries during the 4th quarter worth about $205,000. KBC Group NV grew its holdings in shares of Chart Industries by 54.0% during the fourth quarter. KBC Group NV now owns 1,769 shares of the industrial products company’s stock worth $338,000 after buying an additional 620 shares in the last quarter. Blue Trust Inc. raised its position in shares of Chart Industries by 56.0% in the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its stake in shares of Chart Industries by 2.2% during the fourth quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after buying an additional 48 shares during the period.

Chart Industries Price Performance

GTLS opened at $213.50 on Thursday. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The company has a 50 day moving average of $200.05 and a two-hundred day moving average of $157.15. The company has a market cap of $9.14 billion, a P/E ratio of 61.88, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Analysts Set New Price Targets

Several analysts have commented on GTLS shares. Bank of America cut their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.