Amalgamated Bank Sells 727 Shares of Chart Industries, Inc. (NYSE:GTLS)

Amalgamated Bank lowered its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,541 shares of the industrial products company’s stock after selling 727 shares during the quarter. Amalgamated Bank’s holdings in Chart Industries were worth $2,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GTLS. Capital Analysts LLC acquired a new position in Chart Industries in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Chart Industries during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. raised its stake in shares of Chart Industries by 142.9% in the first quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Chart Industries by 129.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 163 shares of the industrial products company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in Chart Industries in the 4th quarter valued at $34,000.

Analyst Ratings Changes

A number of research firms have recently commented on GTLS. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a “neutral” rating in a report on Wednesday, May 28th. TD Cowen cut their price target on shares of Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Wells Fargo & Company lowered their price objective on Chart Industries from $214.00 to $208.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. Finally, Barclays raised their target price on Chart Industries from $160.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Two 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $200.00.

Chart Industries Stock Up 1.2%

Shares of NYSE GTLS opened at $170.11 on Friday. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The firm’s 50-day simple moving average is $155.74 and its 200 day simple moving average is $166.77. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68.

Chart Industries (NYSE:GTLS) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.02 billion. Chart Industries had a net margin of 5.93% and a return on equity of 13.93%. Chart Industries’s quarterly revenue was up 38.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 earnings per share. On average, research analysts expect that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Profile

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.