Truist Financial Corp Raises Stake in Chart Industries, Inc. (NYSE:GTLS)

Truist Financial Corp raised its stake in Chart Industries, Inc. (NYSE:GTLS) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,059 shares of the industrial products company’s stock after buying an additional 1,628 shares during the quarter. Truist Financial Corp owned approximately 0.07% of Chart Industries worth $5,736,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in Chart Industries by 328.7% in the 3rd quarter. National Bank of Canada FI now owns 6,757 shares of the industrial products company’s stock valued at $839,000 after buying an additional 5,181 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Chart Industries by 248.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Chart Industries by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 592,486 shares of the industrial products company’s stock worth $73,551,000 after purchasing an additional 13,181 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of Chart Industries by 26.7% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,500 shares of the industrial products company’s stock worth $1,813,000 after purchasing an additional 2,000 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in shares of Chart Industries during the 3rd quarter worth $373,000.

Chart Industries Price Performance

GTLS stock opened at $181.86 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. The firm has a market capitalization of $7.79 billion, a P/E ratio of 52.71, a P/E/G ratio of 0.57 and a beta of 1.84. The business’s 50-day moving average is $200.26 and its two-hundred day moving average is $160.81. Chart Industries, Inc. has a 1 year low of $101.60 and a 1 year high of $220.03.

Wall Street Analyst Weigh In

GTLS has been the subject of a number of research analyst reports. Raymond James reiterated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. The Goldman Sachs Group increased their price target on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Craig Hallum increased their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays lowered their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their price target on Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.