Chart Industries, Inc. (NYSE:GTLS) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 92,776 shares of the industrial products company’s stock after purchasing an additional 14,435 shares during the period. Jennison Associates LLC’s holdings in Chart Industries were worth $17,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Chart Industries by 90.9% during the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock worth $68,461,000 after purchasing an additional 262,592 shares in the last quarter. Victory Capital Management Inc. increased its stake in Chart Industries by 27.4% during the 3rd quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock worth $48,258,000 after buying an additional 83,685 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Chart Industries by 34.9% during the third quarter. Stifel Financial Corp now owns 253,665 shares of the industrial products company’s stock valued at $31,490,000 after acquiring an additional 65,615 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Chart Industries in the third quarter valued at approximately $7,388,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Chart Industries in the third quarter worth approximately $7,137,000.

Wall Street Analyst Weigh In

Several research firms recently commented on GTLS. Barclays reduced their price objective on 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. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. BTIG Research upped their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, Craig Hallum upped their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Price Performance

NYSE:GTLS opened at $213.50 on Thursday. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock’s fifty day moving average is $200.05 and its two-hundred day moving average is $157.15. The company has a market capitalization of $9.14 billion, a P/E ratio of 61.88, a P/E/G ratio of 0.63 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

About Chart Industries

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.