Legato Capital Management LLC Buys Shares of 5,355 Chart Industries, Inc. (NYSE:GTLS)

Legato Capital Management LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,355 shares of the industrial products company’s stock, valued at approximately $1,022,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position 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 acquiring an additional 262,592 shares during the period. WCM Investment Management LLC purchased a new stake in shares of Chart Industries during the fourth quarter worth $16,239,000. Victory Capital Management Inc. increased its position in shares of Chart Industries by 27.4% during the third quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock worth $48,258,000 after acquiring an additional 83,685 shares during the period. Stifel Financial Corp increased its position 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 worth $31,490,000 after acquiring an additional 65,615 shares during the period. Finally, Pier Capital LLC purchased a new stake in shares of Chart Industries during the third quarter worth $7,388,000.

Chart Industries Stock Performance

NYSE GTLS opened at $193.96 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03. The company has a market capitalization of $8.30 billion, a PE ratio of 56.22, a P/E/G ratio of 0.60 and a beta of 1.84. The company has a fifty day moving average of $200.49 and a two-hundred day moving average of $158.59.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GTLS. Barclays cut 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. Craig Hallum upped their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their target price on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus increased their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Finally, BTIG Research increased their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $191.54.

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.