Chart Industries, Inc. (NYSE:GTLS) Shares Sold by Eastern Bank

Eastern Bank lowered its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,572 shares of the industrial products company’s stock after selling 1,209 shares during the period. Eastern Bank’s holdings in Chart Industries were worth $10,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Michael S. Ryan Inc. acquired a new position in Chart Industries during the fourth quarter worth about $219,000. Everence Capital Management Inc. acquired a new position in Chart Industries during the fourth quarter worth about $260,000. GAMMA Investing LLC raised its position in shares of Chart Industries by 74.0% in the fourth quarter. GAMMA Investing LLC now owns 581 shares of the industrial products company’s stock valued at $111,000 after buying an additional 247 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Chart Industries by 4.2% in the third quarter. Principal Financial Group Inc. now owns 802,907 shares of the industrial products company’s stock valued at $99,673,000 after buying an additional 32,442 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Chart Industries by 248.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,257 shares of the industrial products company’s stock valued at $2,744,000 after buying an additional 15,862 shares during the last quarter.

Chart Industries Stock Up 1.9 %

Shares of GTLS stock traded up $3.75 on Monday, hitting $198.86. The stock had a trading volume of 270,252 shares, compared to its average volume of 700,616. The stock’s 50 day moving average is $185.54 and its 200-day moving average is $149.42. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 57.64, a P/E/G ratio of 1.01 and a beta of 1.84. Chart Industries, Inc. has a 52-week low of $101.60 and a 52-week high of $210.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.38). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. Chart Industries’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, research analysts expect that Chart Industries, Inc. will post 9.03 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GTLS shares. Bank of America cut their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Raymond James reissued a “strong-buy” rating and issued a $190.00 price objective on shares of Chart Industries in a research report on Monday, December 2nd. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Barclays lowered their target price 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. Finally, Stifel Nicolaus boosted their target price on shares of Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries currently has an average rating of “Moderate Buy” and an average price target of $188.75.

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.