Fisher Asset Management LLC Has $110.29 Million Stock Holdings in Chart Industries, Inc. (NYSE:GTLS)

Fisher Asset Management LLC lessened its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 577,919 shares of the industrial products company’s stock after selling 14,567 shares during the quarter. Fisher Asset Management LLC’s holdings in Chart Industries were worth $110,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. King Luther Capital Management Corp grew its holdings in Chart Industries by 2.9% during the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after purchasing an additional 29,139 shares during the last quarter. Geode Capital Management LLC lifted its position in Chart Industries by 2.0% in the third quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock worth $123,318,000 after purchasing an additional 19,534 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Chart Industries by 4.2% during the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after acquiring an additional 32,442 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in shares of Chart Industries by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 516,658 shares of the industrial products company’s stock valued at $98,599,000 after acquiring an additional 7,669 shares during the period.

Chart Industries Stock Performance

Shares of GTLS stock opened at $190.58 on Friday. The firm has a 50-day moving average of $199.68 and a 200-day moving average of $163.29. The company has a market cap of $8.16 billion, a P/E ratio of 55.24, a P/E/G ratio of 0.57 and a beta of 1.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, February 28th. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.54). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup raised their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. BTIG Research boosted their target price on 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 reiterated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group boosted their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Craig Hallum boosted their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $191.54.

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.