M&T Bank Corp Has $463,000 Position in Chart Industries, Inc. (NYSE:GTLS)

M&T Bank Corp lifted its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 14.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,204 shares of the industrial products company’s stock after buying an additional 399 shares during the quarter. M&T Bank Corp’s holdings in Chart Industries were worth $463,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Manhattan CO. LLC. increased its position in Chart Industries by 3.1% during the 4th quarter. First Manhattan CO. LLC. now owns 1,779 shares of the industrial products company’s stock worth $340,000 after buying an additional 54 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company’s stock worth $979,000 after purchasing an additional 98 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Chart Industries by 42.9% in the 4th quarter. Quadrant Capital Group LLC now owns 340 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 102 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Chart Industries by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 114 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GTLS. TD Cowen cut their target price on Chart Industries from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Barclays set a $169.00 target price on shares of Chart Industries and gave the company an “equal weight” rating in a report on Thursday, July 10th. Morgan Stanley reduced their price target on shares of Chart Industries from $250.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Finally, Wells Fargo & Company cut their target price on Chart Industries from $214.00 to $208.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $199.82.

Chart Industries Price Performance

Shares of GTLS opened at $168.76 on Thursday. 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 stock has a market cap of $7.71 billion, a PE ratio of 34.09, a PEG ratio of 0.64 and a beta of 1.68. Chart Industries, Inc. has a 12-month low of $101.60 and a 12-month high of $220.03. The business has a 50-day simple moving average of $159.08 and a two-hundred day simple moving average of $165.69.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.02. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a return on equity of 13.93% and a net margin of 5.93%. The firm’s revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Company 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.