Eastern Bank Decreases Holdings in Chart Industries, Inc. $GTLS

Eastern Bank decreased its position in Chart Industries, Inc. (NYSE:GTLS) by 81.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,080 shares of the industrial products company’s stock after selling 75,554 shares during the quarter. Eastern Bank’s holdings in Chart Industries were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GTLS. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Chart Industries during the third quarter worth approximately $8,006,000. Nixon Capital LLC grew its holdings in shares of Chart Industries by 0.6% during the 3rd quarter. Nixon Capital LLC now owns 93,772 shares of the industrial products company’s stock valued at $18,768,000 after purchasing an additional 529 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Chart Industries in the 3rd quarter worth $227,000. SG Americas Securities LLC lifted its stake in Chart Industries by 25.3% in the third quarter. SG Americas Securities LLC now owns 25,295 shares of the industrial products company’s stock worth $5,063,000 after purchasing an additional 5,114 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Chart Industries by 1,548.7% during the third quarter. Global Retirement Partners LLC now owns 1,253 shares of the industrial products company’s stock valued at $251,000 after buying an additional 1,177 shares during the period.

Chart Industries Stock Performance

Chart Industries stock opened at $206.90 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 1.08. The firm has a market cap of $9.30 billion, a P/E ratio of 252.32, a P/E/G ratio of 1.08 and a beta of 1.74. Chart Industries, Inc. has a 1-year low of $104.60 and a 1-year high of $220.03. The firm has a 50-day moving average of $204.82 and a 200-day moving average of $196.71.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.24). Chart Industries had a net margin of 1.55% and a return on equity of 14.17%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned $2.18 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts expect that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GTLS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Chart Industries from $194.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $206.00.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.