Chart Industries, Inc. (NYSE:GTLS) Position Lessened by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its stake in Chart Industries, Inc. (NYSE:GTLS) by 88.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021 shares of the industrial products company’s stock after selling 7,729 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Chart Industries were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries in the 3rd quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Chart Industries by 56.0% during the 4th quarter. Blue Trust Inc. now owns 181 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 65 shares in the last quarter. Spire Wealth Management raised its stake in Chart Industries by 183.8% during the 4th quarter. Spire Wealth Management now owns 193 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 125 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Chart Industries during the 4th quarter valued at $56,000. Finally, GAMMA Investing LLC raised its stake in Chart Industries by 74.0% during the 4th quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 247 shares in the last quarter.

Chart Industries Stock Performance

Shares of NYSE GTLS opened at $181.86 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 0.59 and a beta of 1.84. The stock’s fifty day simple moving average is $200.26 and its 200 day simple moving average is $160.54. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BTIG Research lifted their target price on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus lifted their target price on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Barclays cut their target price on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Citigroup lifted their target price on Chart Industries from $190.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Craig Hallum lifted their price target on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.54.

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.