Van Berkom & Associates Inc. Acquires New Position in Chart Industries, Inc. (NYSE:GTLS)

Van Berkom & Associates Inc. bought a new position in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 186,245 shares of the industrial products company’s stock, valued at approximately $35,543,000. Van Berkom & Associates Inc. owned approximately 0.44% of Chart Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Archford Capital Strategies LLC boosted its position in Chart Industries by 2.2% during the 4th quarter. Archford Capital Strategies LLC now owns 2,269 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 48 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Chart Industries by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 1,974 shares of the industrial products company’s stock worth $245,000 after buying an additional 63 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Chart Industries by 56.0% in the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock worth $35,000 after buying an additional 65 shares during the last quarter. Choreo LLC increased its position in Chart Industries by 2.4% during the 4th quarter. Choreo LLC now owns 4,292 shares of the industrial products company’s stock valued at $818,000 after buying an additional 102 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Chart Industries by 2.4% during the third quarter. Glenmede Trust Co. NA now owns 4,794 shares of the industrial products company’s stock valued at $595,000 after buying an additional 114 shares during the last quarter.

Chart Industries Price Performance

Shares of GTLS opened at $191.14 on Friday. The firm has a fifty day simple moving average of $200.58 and a two-hundred day simple moving average of $160.08. The firm has a market cap of $8.18 billion, a PE ratio of 55.40, a P/E/G ratio of 0.59 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. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GTLS shares. Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Barclays decreased their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Stifel Nicolaus increased their price target on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.54.

Chart Industries Company 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.