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

Harvey Capital Management Inc. decreased its holdings in Chart Industries, Inc. (NYSE:GTLS) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,637 shares of the industrial products company’s stock after selling 2,505 shares during the quarter. Chart Industries comprises approximately 1.7% of Harvey Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Harvey Capital Management Inc.’s holdings in Chart Industries were worth $7,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. acquired a new stake in shares of Chart Industries during the 4th quarter valued at approximately $56,000. WCM Investment Management LLC purchased a new position in Chart Industries in the 4th quarter valued at approximately $16,239,000. Entropy Technologies LP acquired a new position in Chart Industries during the fourth quarter worth $1,277,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Chart Industries during the fourth quarter worth $651,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Chart Industries in the fourth quarter valued at $4,115,000.

Chart Industries Price Performance

GTLS stock opened at $193.93 on Wednesday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $220.03. The stock’s fifty day simple moving average is $200.40 and its 200-day simple moving average is $158.10.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GTLS. BTIG Research lifted their price target on Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus lifted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Raymond James reiterated a “strong-buy” rating and issued a $190.00 price target on shares of Chart Industries in a research report on Monday, December 2nd. The Goldman Sachs Group lifted their price objective on Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, Craig Hallum increased 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries currently has a consensus rating of “Moderate Buy” and an average price target of $188.75.

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.