Kornitzer Capital Management Inc. KS Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Kornitzer Capital Management Inc. KS cut its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,109 shares of the industrial products company’s stock after selling 986 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.18% of Chart Industries worth $14,906,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Chart Industries by 56.0% during the 4th 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. Spire Wealth Management lifted its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares during the period. Ashton Thomas Securities LLC purchased a new position in Chart Industries in the third quarter worth about $34,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Chart Industries during the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC increased its position in shares of Chart Industries by 74.0% during the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 247 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GTLS shares. Raymond James reissued a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Craig Hallum upped their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Citigroup upped their price target on Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

Chart Industries Price Performance

Shares of NYSE:GTLS opened at $194.59 on Tuesday. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 56.40, a P/E/G ratio of 0.60 and a beta of 1.84. The firm has a fifty day moving average price of $200.65 and a 200 day moving average price of $159.11. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

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.