Anderson Financial Strategies LLC Acquires New Holdings in Chart Industries, Inc. $GTLS

Anderson Financial Strategies LLC bought a new stake in Chart Industries, Inc. (NYSE:GTLS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,552 shares of the industrial products company’s stock, valued at approximately $1,512,000. Chart Industries accounts for about 0.9% of Anderson Financial Strategies LLC’s portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock valued at $317,248,000 after buying an additional 102,226 shares during the last quarter. Geode Capital Management LLC increased its holdings in Chart Industries by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,085,833 shares of the industrial products company’s stock valued at $178,804,000 after buying an additional 65,078 shares during the period. Norges Bank acquired a new stake in shares of Chart Industries in the 2nd quarter valued at $92,901,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Chart Industries by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 558,979 shares of the industrial products company’s stock valued at $92,036,000 after purchasing an additional 22,556 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Chart Industries by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,153 shares of the industrial products company’s stock valued at $53,866,000 after acquiring an additional 18,190 shares in the last quarter.

Chart Industries Trading Down 0.0%

Shares of GTLS opened at $207.44 on Wednesday. The firm has a market cap of $9.32 billion, a P/E ratio of 252.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.40. The business has a 50-day moving average of $206.17 and a 200 day moving average of $200.89. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $216.44.

Wall Street Analyst Weigh In

GTLS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $206.00.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.