Oppenheimer Asset Management Inc. Takes $203,000 Position in Chart Industries, Inc. (NYSE:GTLS)

Oppenheimer Asset Management Inc. acquired a new position in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,214 shares of the industrial products company’s stock, valued at approximately $203,000.

Other hedge funds have also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new position in shares of Chart Industries during the first quarter worth approximately $28,000. Ellevest Inc. raised its stake in Chart Industries by 150.6% during the 2nd quarter. Ellevest Inc. now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 119 shares during the last quarter. Assetmark Inc. boosted its holdings in Chart Industries by 140.9% in the 2nd quarter. Assetmark Inc. now owns 224 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 131 shares during the period. Krane Funds Advisors LLC acquired a new stake in Chart Industries in the 1st quarter worth $40,000. Finally, Huntington National Bank increased its holdings in shares of Chart Industries by 103.3% during the 1st quarter. Huntington National Bank now owns 307 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 156 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GTLS shares. Barclays increased their target price on shares of Chart Industries from $189.00 to $197.00 in a research note on Wednesday, August 3rd. Jefferies Financial Group decreased their price objective on Chart Industries from $250.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday. Lake Street Capital upped their target price on Chart Industries from $195.00 to $225.00 in a research note on Monday, August 1st. TheStreet upgraded shares of Chart Industries from a “c+” rating to a “b” rating in a research note on Friday, October 28th. Finally, Wells Fargo & Company cut shares of Chart Industries from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $248.00 to $148.00 in a research note on Monday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.79.

Chart Industries Trading Down 2.2 %

Shares of Chart Industries stock opened at $122.53 on Friday. Chart Industries, Inc. has a 12-month low of $108.29 and a 12-month high of $242.59. The stock has a market capitalization of $4.49 billion, a P/E ratio of 66.96 and a beta of 1.48. The company has a 50-day simple moving average of $194.15 and a 200 day simple moving average of $186.21. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.36.

Chart Industries Profile

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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Institutional Ownership by Quarter for Chart Industries (NYSE:GTLS)

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