Hedeker Wealth LLC Takes Position in Chart Industries, Inc. (NYSE:GTLS)

Hedeker Wealth LLC acquired a new stake in Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,750 shares of the industrial products company’s stock, valued at approximately $2,815,000.

Several other institutional investors have also modified their holdings of GTLS. Ashton Thomas Securities LLC acquired a new stake in shares of Chart Industries in the third quarter valued at $34,000. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 65 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Chart Industries by 183.8% during the fourth quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Chart Industries by 418.0% during the third quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 255 shares during the last quarter. Finally, Mendota Financial Group LLC lifted its holdings in shares of Chart Industries by 46.2% during the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 203 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock opened at $202.08 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. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The stock’s 50-day moving average is $200.18 and its two-hundred day moving average is $157.47. The firm has a market cap of $8.65 billion, a P/E ratio of 58.57, a PEG ratio of 0.63 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Craig Hallum upped their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus upped their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. BTIG Research upped their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. Finally, Barclays dropped their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chart Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.75.

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.