Fisher Asset Management LLC Lowers Stock Position in Chart Industries, Inc. (NYSE:GTLS)

Fisher Asset Management LLC trimmed its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 590,471 shares of the industrial products company's stock after selling 98,961 shares during the period. Fisher Asset Management LLC owned about 1.38% of Chart Industries worth $80,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company's stock worth $268,088,000 after purchasing an additional 101,404 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Chart Industries by 10.4% during the 4th quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company's stock valued at $19,055,000 after buying an additional 13,155 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Chart Industries during the 4th quarter valued at $1,366,000. Peregrine Capital Management LLC boosted its stake in shares of Chart Industries by 13.0% during the 4th quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company's stock valued at $10,588,000 after buying an additional 8,938 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Chart Industries during the 4th quarter valued at $1,193,000.

Chart Industries Stock Performance

GTLS traded up $10.00 during trading on Friday, hitting $155.00. The stock had a trading volume of 1,112,498 shares, compared to its average volume of 520,929. The firm has a market cap of $6.52 billion, a PE ratio of 407.89, a P/E/G ratio of 0.40 and a beta of 1.73. Chart Industries, Inc. has a 12 month low of $106.66 and a 12 month high of $184.65. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The company has a 50 day simple moving average of $150.44 and a 200-day simple moving average of $136.21.

Chart Industries (NYSE:GTLS - Get Free Report) last announced its earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $970.91 million. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The business's revenue was up 76.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. Analysts expect that Chart Industries, Inc. will post 11.98 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GTLS shares. Morgan Stanley started coverage on shares of Chart Industries in a research note on Thursday, April 18th. They set an "equal weight" rating and a $200.00 target price for the company. UBS Group raised shares of Chart Industries from a "neutral" rating to a "buy" rating and lifted their target price for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. TD Cowen lifted their target price on shares of Chart Industries from $230.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company raised their price target on shares of Chart Industries from $155.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chart Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.85.

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.