Bank of Nova Scotia Invests $670,000 in Chart Industries, Inc. (NYSE:GTLS)

Bank of Nova Scotia bought a new stake in shares of Chart Industries, Inc. (NYSE:GTLSGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,003 shares of the industrial products company’s stock, valued at approximately $670,000.

Several other hedge funds also recently added to or reduced their stakes in GTLS. KB Financial Partners LLC acquired a new position in Chart Industries during the 1st quarter valued at about $28,000. Ellevest Inc. increased its position 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 buying an additional 119 shares in the last quarter. Assetmark Inc. increased its position in Chart Industries by 140.9% during the 2nd quarter. Assetmark Inc. now owns 224 shares of the industrial products company’s stock valued at $37,000 after buying an additional 131 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Chart Industries during the 1st quarter valued at about $40,000. Finally, Huntington National Bank increased its position in Chart Industries by 103.3% during the 1st quarter. Huntington National Bank now owns 307 shares of the industrial products company’s stock valued at $53,000 after buying an additional 156 shares in the last quarter.

Chart Industries Stock Up 3.1 %

Shares of GTLS opened at $126.32 on Friday. Chart Industries, Inc. has a 52 week low of $108.29 and a 52 week high of $242.59. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 69.03 and a beta of 1.48. The stock’s 50-day moving average price is $193.00 and its 200-day moving average price is $185.99.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GTLS shares. StockNews.com started coverage on Chart Industries in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. The Goldman Sachs Group raised Chart Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $259.00 in a report on Thursday, September 15th. Credit Suisse Group increased their price objective on Chart Industries from $224.00 to $240.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Craig Hallum increased their price objective on Chart Industries from $243.00 to $249.00 and gave the company a “buy” rating in a report on Monday, October 31st. Finally, Jefferies Financial Group cut 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $207.00.

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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