Chart Industries, Inc. (NYSE:GTLS) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 54.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,769 shares of the industrial products company’s stock after purchasing an additional 620 shares during the period. KBC Group NV’s holdings in Chart Industries were worth $338,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GTLS. National Bank of Canada FI grew its holdings in shares of Chart Industries by 328.7% in the third quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after purchasing an additional 5,181 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Chart Industries by 248.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock worth $2,744,000 after buying an additional 15,862 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock valued at $73,551,000 after buying an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Chart Industries by 26.7% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock valued at $1,813,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in Chart Industries in the third quarter worth approximately $373,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on GTLS. 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. Barclays lowered 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 research note on Monday, November 4th. Craig Hallum boosted their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus increased their price objective on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, The Goldman Sachs Group upped their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Performance

Shares of Chart Industries stock opened at $208.88 on Tuesday. The business has a 50-day simple moving average of $199.30 and a 200-day simple moving average of $156.43. 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, Inc. has a one year low of $101.60 and a one year high of $220.03. The company has a market cap of $8.94 billion, a PE ratio of 60.54, a P/E/G ratio of 0.63 and a beta of 1.84.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. On average, equities research analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

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.