Harvey Capital Management Inc. Decreases Stake in Chart Industries, Inc. (NYSE:GTLS)

Harvey Capital Management Inc. cut its position in Chart Industries, Inc. (NYSE:GTLS) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,637 shares of the industrial products company’s stock after selling 2,505 shares during the period. Chart Industries accounts for 1.7% of Harvey Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Harvey Capital Management Inc. owned approximately 0.09% of Chart Industries worth $7,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GTLS. King Luther Capital Management Corp boosted its holdings in Chart Industries by 2.9% in the third quarter. King Luther Capital Management Corp now owns 1,031,897 shares of the industrial products company’s stock valued at $128,100,000 after purchasing an additional 29,139 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chart Industries by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 993,199 shares of the industrial products company’s stock valued at $123,318,000 after buying an additional 19,534 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Chart Industries by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Fisher Asset Management LLC raised its stake in 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 acquiring an additional 13,181 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Chart Industries by 90.9% in the third quarter. Wellington Management Group LLP now owns 551,482 shares of the industrial products company’s stock valued at $68,461,000 after acquiring an additional 262,592 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on GTLS shares. Barclays dropped their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. 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 note on Tuesday, December 31st. Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, BTIG Research lifted their target price 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 equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Chart Industries Stock Down 3.6 %

GTLS stock opened at $193.93 on Wednesday. The stock has a market capitalization of $8.30 billion, a PE ratio of 56.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84. The company has a fifty day moving average of $200.40 and a 200-day moving average of $158.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $220.03.

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.