Nordea Investment Management AB Has $268.09 Million Position in Chart Industries, Inc. (NYSE:GTLS)

Nordea Investment Management AB increased its position in shares of Chart Industries, Inc. (NYSE:GTLSFree Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,948,174 shares of the industrial products company’s stock after buying an additional 101,404 shares during the quarter. Nordea Investment Management AB owned 4.56% of Chart Industries worth $268,088,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Benson Investment Management Company Inc. bought a new position in Chart Industries in the 4th quarter worth approximately $3,317,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Chart Industries by 39.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 25,264 shares of the industrial products company’s stock valued at $4,272,000 after acquiring an additional 7,148 shares during the last quarter. Wellington Management Group LLP raised its stake in Chart Industries by 1.6% during the third quarter. Wellington Management Group LLP now owns 219,027 shares of the industrial products company’s stock worth $37,042,000 after buying an additional 3,449 shares during the last quarter. Deutsche Bank AG grew its holdings in Chart Industries by 5.0% in the third quarter. Deutsche Bank AG now owns 31,031 shares of the industrial products company’s stock worth $5,248,000 after purchasing an additional 1,472 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Chart Industries during the third quarter worth about $569,000.

Chart Industries Stock Performance

Shares of GTLS opened at $142.77 on Monday. The stock has a market cap of $6.04 billion, a P/E ratio of 375.71, a P/E/G ratio of 0.43 and a beta of 1.69. Chart Industries, Inc. has a 52 week low of $101.44 and a 52 week high of $184.65. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average price is $130.20 and its 200-day moving average price is $139.24.

Chart Industries (NYSE:GTLSGet Free Report) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s quarterly revenue was up 130.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. Equities research analysts anticipate that Chart Industries, Inc. will post 11.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GTLS shares. Wells Fargo & Company boosted their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. TD Cowen upped their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Raymond James raised shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective for the company in a research report on Thursday, January 4th. UBS Group started coverage on shares of Chart Industries in a research note on Friday, January 26th. They issued a “neutral” rating and a $136.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $224.00 price target on shares of Chart Industries in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chart Industries currently has an average rating of “Moderate Buy” and a consensus price target of $193.54.

Read Our Latest Stock Analysis on GTLS

Chart Industries Company Profile

(Free Report)

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.

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

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