Allianz Asset Management GmbH Lowers Holdings in Chart Industries, Inc. (NYSE:GTLS)

Allianz Asset Management GmbH trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,376 shares of the industrial products company’s stock after selling 22,468 shares during the period. Allianz Asset Management GmbH owned about 0.44% of Chart Industries worth $36,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries during the 3rd quarter worth approximately $34,000. Blue Trust Inc. grew its position in Chart Industries by 56.0% during the fourth quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after buying an additional 65 shares during the period. Spire Wealth Management increased its holdings in Chart Industries by 183.8% in the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after buying an additional 125 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Chart Industries in the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC raised its position in shares of Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 247 shares during the period.

Chart Industries Stock Performance

GTLS opened at $181.86 on Monday. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $220.03. The firm has a market capitalization of $7.79 billion, a PE ratio of 52.71, a PEG ratio of 0.57 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. The firm’s 50-day moving average price is $200.26 and its 200 day moving average price is $161.14.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Citigroup increased their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, BTIG Research increased their price objective on shares of Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Three investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.54.

Chart Industries 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.