Allianz Asset Management GmbH Reduces Stake in Chart Industries, Inc.

Allianz Asset Management GmbH has decreased its investment in Chart Industries, Inc. (NYSE:GTLS) by 10.6% during the fourth quarter, as detailed in the company's latest Form 13F report submitted to the Securities & Exchange Commission. After the sale of 22,468 shares, Allianz now holds 190,376 shares of the industrial products company. This stake accounts for approximately 0.44% of Chart Industries, which was valued at around $36,331,000 based on the recent filing.

In addition to Allianz, several other substantial investors have recently altered their positions in Chart Industries. Ashton Thomas Securities LLC established a new stake in the company worth approximately $34,000 during the third quarter. Blue Trust Inc. increased its holdings in Chart Industries by an impressive 56.0% in the fourth quarter, now owning 181 shares valued at $35,000 after acquiring an additional 65 shares. Furthermore, Spire Wealth Management expanded its investment by 183.8% this past quarter, bringing its total to 193 shares worth $37,000 after purchasing 125 additional shares. Wingate Wealth Advisors Inc. also acquired a new position in Chart Industries for about $56,000 during the fourth quarter. Lastly, GAMMA Investing LLC raised its position by 74.0%, now holding 581 shares valued at $111,000 after acquiring 247 more shares in the period.

Chart Industries Stock Performance

As of Monday, Chart Industries' stock opened at $181.86. The company's stock has seen a twelve-month low of $101.60 and a high of $220.03. Chart Industries has a market capitalization of $7.79 billion and a price-to-earnings (PE) ratio of 52.71, in addition to a price/earnings to growth (PEG) ratio of 0.57 and a beta of 1.84. Financial metrics include a current ratio of 1.27, a quick ratio of 1.00, and a debt-to-equity ratio of 1.16. The 50-day moving average price stands at $200.26, while the 200-day moving average price is $161.14.

Analyst Ratings and Changes

Various equity analysts have recently provided insights on Chart Industries. The Goldman Sachs Group increased their price target from $138.00 to $201.00, maintaining a "neutral" rating in a research report dated December 20th. Craig Hallum raised their price objective from $199.00 to $207.00 with a "buy" rating noted on November 4th. Citigroup also increased their target price from $190.00 to $225.00, issuing a "buy" rating on February 13th. Meanwhile, Raymond James reiterated a "strong-buy" rating with a price target of $190.00 in a report dated December 2nd. BTIG Research adjusted their price objective from $170.00 to $210.00 and assigned a "buy" rating on December 16th. The stock is rated with three hold ratings, nine buy ratings, and two strong buy ratings. Current data from MarketBeat indicates an average rating of "Moderate Buy" and a consensus price target of $191.54.

Overview of Chart Industries

Chart Industries, Inc. specializes in designing, engineering, and manufacturing process technologies and equipment related to gas and liquid molecules both in the United States and internationally. The company operates through four main segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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