Van Berkom & Associates Inc. Invests $35.54 Million in Chart Industries, Inc. (NYSE:GTLS)

Van Berkom & Associates Inc. bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 186,245 shares of the industrial products company’s stock, valued at approximately $35,543,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GTLS. Private Advisor Group LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth $205,000. Pathway Financial Advisers LLC bought a new position in Chart Industries in the 3rd quarter worth $1,002,000. DekaBank Deutsche Girozentrale lifted its position in Chart Industries by 16.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 218,000 shares of the industrial products company’s stock valued at $27,111,000 after purchasing an additional 30,000 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Chart Industries by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,868 shares of the industrial products company’s stock valued at $604,000 after purchasing an additional 330 shares during the period. Finally, First Financial Bankshares Inc increased its position in Chart Industries by 8.1% in the third quarter. First Financial Bankshares Inc now owns 17,781 shares of the industrial products company’s stock worth $2,207,000 after buying an additional 1,329 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GTLS. Barclays lowered their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research upped their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Craig Hallum raised their price objective 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. Finally, Citigroup lifted their target price on shares of Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

Chart Industries Stock Down 2.3 %

GTLS opened at $191.14 on Friday. The company has a market capitalization of $8.18 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 0.59 and a beta of 1.84. The firm has a 50-day simple moving average of $200.58 and a two-hundred day simple moving average of $160.08. 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, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03.

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.