Kingsview Wealth Management LLC Sells 225 Shares of Chart Industries, Inc. (NYSE:GTLS)

Kingsview Wealth Management LLC lessened its stake in Chart Industries, Inc. (NYSE:GTLS) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,569 shares of the industrial products company’s stock after selling 225 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chart Industries were worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Chart Industries in the fourth quarter valued at about $651,000. Strategic Financial Concepts LLC bought a new stake in Chart Industries in the fourth quarter valued at about $4,115,000. Hedeker Wealth LLC bought a new stake in Chart Industries in the fourth quarter valued at about $2,815,000. Choreo LLC increased its holdings in Chart Industries by 2.4% in the fourth quarter. Choreo LLC now owns 4,292 shares of the industrial products company’s stock valued at $818,000 after purchasing an additional 102 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Chart Industries by 18.4% in the fourth quarter. Jennison Associates LLC now owns 92,776 shares of the industrial products company’s stock worth $17,705,000 after acquiring an additional 14,435 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GTLS. BTIG Research increased their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Barclays decreased their price objective 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Performance

GTLS opened at $193.93 on Wednesday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 56.21, a PEG ratio of 0.60 and a beta of 1.84. The business has a 50 day moving average of $200.40 and a 200-day moving average of $158.10. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

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.