Entropy Technologies LP Takes $1.28 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Entropy Technologies LP acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,693 shares of the industrial products company’s stock, valued at approximately $1,277,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Chart Industries during the 4th quarter valued at $651,000. Strategic Financial Concepts LLC bought a new stake in Chart Industries during the fourth quarter valued at $4,115,000. Hedeker Wealth LLC purchased a new position in Chart Industries during the fourth quarter worth about $2,815,000. Choreo LLC increased its stake in Chart Industries by 2.4% in the 4th quarter. Choreo LLC now owns 4,292 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 102 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Chart Industries by 18.4% in the 4th quarter. Jennison Associates LLC now owns 92,776 shares of the industrial products company’s stock valued at $17,705,000 after acquiring an additional 14,435 shares in the last quarter.

Chart Industries Price Performance

GTLS opened at $201.07 on Tuesday. 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 1 year low of $101.60 and a 1 year high of $220.03. The stock’s 50 day simple moving average is $200.40 and its 200 day simple moving average is $157.87. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 0.60 and a beta of 1.84.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Craig Hallum boosted their price objective on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Raymond James restated a “strong-buy” rating and set a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Barclays lowered 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.75.

About Chart Industries

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.