Jennison Associates LLC Grows Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Jennison Associates LLC lifted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 92,776 shares of the industrial products company’s stock after acquiring an additional 14,435 shares during the period. Jennison Associates LLC owned approximately 0.22% of Chart Industries worth $17,705,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Chart Industries in the 3rd quarter worth approximately $34,000. Blue Trust Inc. lifted its stake in shares of Chart Industries by 56.0% during the fourth 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 period. Spire Wealth Management grew its holdings in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after buying an additional 125 shares during the last quarter. UMB Bank n.a. increased its position in shares of Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Finally, Mendota Financial Group LLC raised its stake in Chart Industries by 46.2% in the 3rd quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 203 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price target on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Barclays cut their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Trading Up 1.8 %

Shares of Chart Industries stock opened at $213.50 on Thursday. The firm has a 50-day simple moving average of $200.05 and a two-hundred day simple moving average of $157.15. 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 fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a market cap of $9.14 billion, a P/E ratio of 61.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.84.

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.