Peregrine Capital Management LLC Sells 11,918 Shares of Chart Industries, Inc. (NYSE:GTLS)

Peregrine Capital Management LLC cut its holdings in Chart Industries, Inc. (NYSE:GTLS) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,628 shares of the industrial products company’s stock after selling 11,918 shares during the period. Peregrine Capital Management LLC owned 0.16% of Chart Industries worth $13,479,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Chart Industries in the third quarter worth $87,000. Cetera Trust Company N.A grew its position in Chart Industries by 17.3% in the 3rd quarter. Cetera Trust Company N.A now owns 1,185 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 175 shares during the last quarter. Eastern Bank bought a new position in shares of Chart Industries during the 3rd quarter worth about $7,049,000. Community Trust & Investment Co. raised its position in shares of Chart Industries by 35.4% during the third quarter. Community Trust & Investment Co. now owns 77,917 shares of the industrial products company’s stock valued at $9,673,000 after buying an additional 20,374 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Chart Industries in the third quarter valued at about $205,000.

Chart Industries Stock Performance

NYSE GTLS opened at $194.59 on Tuesday. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 0.60 and a beta of 1.84. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a 50 day moving average of $200.65 and a 200-day moving average of $159.11.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research reports. Citigroup boosted their price target on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Barclays reduced their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report 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 report on Monday, November 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.54.

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.