Norges Bank Purchases New Position in Chart Industries, Inc. $GTLS

Norges Bank purchased a new stake in Chart Industries, Inc. (NYSE:GTLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,153,211 shares of the industrial products company’s stock, valued at approximately $237,827,000.

Several other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in Chart Industries by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 8,204 shares of the industrial products company’s stock valued at $1,692,000 after buying an additional 50 shares in the last quarter. Stephens Inc. AR boosted its stake in Chart Industries by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,389 shares of the industrial products company’s stock valued at $286,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc boosted its stake in Chart Industries by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 1,474 shares of the industrial products company’s stock valued at $302,000 after buying an additional 59 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Chart Industries by 1.7% in the 4th quarter. Archford Capital Strategies LLC now owns 3,667 shares of the industrial products company’s stock valued at $756,000 after buying an additional 60 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Chart Industries by 2.0% in the 3rd quarter. Savant Capital LLC now owns 3,584 shares of the industrial products company’s stock valued at $717,000 after buying an additional 70 shares in the last quarter.

Chart Industries Price Performance

Chart Industries stock opened at $208.20 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The firm has a market cap of $9.97 billion, a P/E ratio of 800.81, a P/E/G ratio of 1.22 and a beta of 1.53. The business’s fifty day moving average is $207.53 and its two-hundred day moving average is $206.69. Chart Industries, Inc. has a 52 week low of $140.50 and a 52 week high of $208.76.

Analysts Set New Price Targets

Several brokerages recently commented on GTLS. Zacks Research lowered Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Chart Industries in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Chart Industries from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $201.80.

About Chart Industries

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.