Tygh Capital Management Inc. acquired a new stake in Chart Industries, Inc. (NASDAQ:GTLS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 150,052 shares of the industrial products company’s stock, valued at approximately $7,031,000. Chart Industries accounts for approximately 1.3% of Tygh Capital Management Inc.’s portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GTLS. Teachers Advisors LLC lifted its stake in shares of Chart Industries by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 55,805 shares of the industrial products company’s stock valued at $1,938,000 after purchasing an additional 3,552 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Chart Industries by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 99,977 shares of the industrial products company’s stock valued at $3,472,000 after purchasing an additional 292 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Chart Industries by 5.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 18,460 shares of the industrial products company’s stock valued at $641,000 after purchasing an additional 970 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Chart Industries by 3.1% in the 2nd quarter. New York State Common Retirement Fund now owns 56,777 shares of the industrial products company’s stock valued at $1,972,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Chart Industries by 7.7% in the 2nd quarter. Northern Trust Corp now owns 667,334 shares of the industrial products company’s stock valued at $23,178,000 after purchasing an additional 47,728 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

GTLS has been the topic of several research analyst reports. Cowen reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Chart Industries in a research note on Sunday, October 22nd. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, November 1st. BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, October 27th. Finally, Lake Street Capital boosted their price target on Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Chart Industries currently has an average rating of “Hold” and an average target price of $52.67.

Chart Industries, Inc. (NASDAQ:GTLS) opened at $46.61 on Tuesday. The company has a market capitalization of $1,496.40, a P/E ratio of 93.52, a P/E/G ratio of 1.39 and a beta of 1.38. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. Chart Industries, Inc. has a 52-week low of $32.04 and a 52-week high of $55.42.

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About Chart Industries

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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

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