Legato Capital Management LLC Invests $1.02 Million in Chart Industries, Inc. (NYSE:GTLS)

Legato Capital Management LLC bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) in the 4th quarter, Holdings Channel reports. The fund bought 5,355 shares of the industrial products company’s stock, valued at approximately $1,022,000.

Several other hedge funds have also made changes to their positions in GTLS. Inspire Investing LLC boosted its stake in shares of Chart Industries by 35.8% during the third quarter. Inspire Investing LLC now owns 3,334 shares of the industrial products company’s stock worth $414,000 after buying an additional 879 shares during the period. NBC Securities Inc. boosted its stake in shares of Chart Industries by 11.1% during the third quarter. NBC Securities Inc. now owns 5,891 shares of the industrial products company’s stock worth $731,000 after buying an additional 589 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Chart Industries by 10.3% during the third quarter. Vontobel Holding Ltd. now owns 77,883 shares of the industrial products company’s stock worth $9,668,000 after buying an additional 7,257 shares during the period. Beech Hill Advisors Inc. boosted its stake in shares of Chart Industries by 7.3% during the third quarter. Beech Hill Advisors Inc. now owns 22,971 shares of the industrial products company’s stock worth $2,852,000 after buying an additional 1,566 shares during the period. Finally, nVerses Capital LLC purchased a new position in Chart Industries during the third quarter worth about $87,000.

Chart Industries Trading Up 0.7 %

Shares of Chart Industries stock opened at $193.96 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $200.49 and a two-hundred day moving average of $158.59. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The stock has a market cap of $8.30 billion, a PE ratio of 56.22, a price-to-earnings-growth ratio of 0.60 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays cut their price target on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Citigroup increased their price target on shares of Chart Industries from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday. BTIG Research increased their price target on shares of Chart Industries from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Raymond James reissued a “strong-buy” rating and set a $190.00 price target on shares of Chart Industries in a report on Monday, December 2nd. Finally, Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.54.

About Chart Industries

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.