Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in Chart Industries, Inc. $GTLS

Skandinaviska Enskilda Banken AB publ boosted its stake in Chart Industries, Inc. (NYSE:GTLS) by 337.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,500 shares of the industrial products company’s stock after buying an additional 13,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Chart Industries were worth $3,503,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GTLS. Credit Industriel ET Commercial bought a new stake in shares of Chart Industries in the 3rd quarter worth $1,601,000. State of New Jersey Common Pension Fund D boosted its holdings in Chart Industries by 3.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 15,612 shares of the industrial products company’s stock worth $3,125,000 after purchasing an additional 579 shares during the last quarter. HighTower Advisors LLC grew its position in Chart Industries by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 8,154 shares of the industrial products company’s stock worth $1,632,000 after purchasing an additional 584 shares in the last quarter. Vista Capital Partners Inc. bought a new stake in Chart Industries in the 3rd quarter worth about $204,000. Finally, PACK Private Wealth LLC bought a new stake in Chart Industries in the 3rd quarter worth about $2,342,000.

Chart Industries Stock Up 0.1%

Chart Industries stock opened at $207.18 on Friday. The firm has a 50 day moving average price of $206.77 and a 200-day moving average price of $202.80. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 1.08. Chart Industries, Inc. has a twelve month low of $104.60 and a twelve month high of $208.24. The company has a market capitalization of $9.31 billion, a P/E ratio of 252.67, a P/E/G ratio of 0.79 and a beta of 1.75.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several recent analyst reports. Zacks Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Chart Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.10.

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.